THE ART OF A HAPPY EXIT: How Successful Entrepreneurs Sell Their Businesses - 26 May 2021

Page 1

FIRESIDE CHAT DISCUSSION ON THE THEME OF THE BOOK

THE ART OF A HAPPY EXIT: HOW SUCCESSFUL ENTREPRENEURS SELL THEIR BUSINESSES

6:00 PM

Welcome Address Gp Capt R Vijayakumar (Retd), VSM Executive Director Madras Management Association

Opening Remarks by the Author Mr K Srikrishna Entrepreneur and Professor Northeastern University, USA

Mr Chandu Nair Entrepreneur - Advisor & Facilitator

In conversation with Dr K Srikrishna Entrepreneur and Professor Northeastern University, USA

Dr Charu Ramanathan Co-Founder & CEO VitalXChange

Q&A Session

Author:

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Dr K Srikrishna Entrepreneur and Professor Northeastern University, USA 7:30 PM

Vote of Thanks

WEDNESDAY MAY 26, 2021 | 6.00 PM

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FOUNTAINHEAD OF EXCELLENCE


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SYNOPSIS ‘So, what’s your exit strategy?’ The question often leaves most entrepreneurs stumped. Running a business allows little time to think about anything else after all.

While business owners recognize that they may have to exit their business at some point, few give enough thought to how they will sell it. And fewer prepare for it. Invariably, when a prospective buyer appears or an offer is made, or

when

an

unforeseen

health

or

financial

contingency

arises,

they

scramble

to

respond.

Even

those

rare

entrepreneurs who have given thought to an exit often end up with seller’s remorse.

The Art of a Happy Exit helps entrepreneurs get prepared for all that selling their business entails. The book covers not just the Outside game—positioning, prospecting, finding professional partners, negotiating, structuring, and executing, but the critical Inside game—the mental and emotional preparation needed even while retaining customers, employees, and the business.

K. Srikrishna tells the stories of twenty entrepreneurs from India and the United States who’ve sold their businesses to varying degrees of happiness. Between the stories, he lays out the typical steps involved in a business sale, each with its own practical checklist. The result is a book that will help you gain greater self-awareness of what you seek and how best to go about it, and ensure the happiness of all involved with the outcome.

AUTHOR

SPECIAL INVITEES

Srikrishna

is

a

veteran

entrepreneurial professor

at

University

where

grew

his

bootstrapped global before

leader its

a

and

impact

using

and

elevate

from to

a a

stereo

in

2006.

was

the

of

Zebu gaming

startup. Since then as an investor and a mentor he's been a part of over ten exits.

and

families.

Vitalxchange

(https://www.vitalxchange.com/)

advanced AI technology to match community members well

as

with

others

information

in

similar

and

situations

resources

to

as

thrive.

She is also the co-founder and Chairman of the

Board

of

Lokyata

Global,

which

is

to

foster

financial

economies.

Prior

CardioInsight,

inclusion

to

a

this,

Company

in

Dr.

technology

firms in Silicon Valley and India. He has a Ph.D. and MS from University

Technology, University.

at

Berkeley

and

Institute

Banaras As

a

father

a of

Hindu of

two

daughters, Srikrishna seeks to bring

he

was

a

information

Center,

co-founder a

of

services.

pioneering

Scope

e-

knowledge

exited in 2011 September. Prior to that, he had stints in Asian Paints (sales) and BusinessWorld magazine (as a journalist). Chandu has direct experience of angel, VC and strategic investor funding and has also been a part of two exits.

a Chennai, India based pharma/ health sector

specializing

management

Indian

and

and

industry,

He is on the advisory board of Fulcrum Ventures,

ultimately its acquisition by Medtronic in 2015.

from

media

in

emerging

a variety of marketing and C-level

California

consultancy,

professional

experience

co-founded

in

she

CardioInsight

BTech

seasoned

with

developing advanced credit scoring algorithms

Previously, Srikrishna has served in

of

a

uses

noninvasive cardiac imaging systems. She led

in

is

entrepreneur

process outsourcing company in India, which he

a

roles

Chandu

centered around people, patients, caregivers

acquisition

Communications,

positively

repeat

Knowledge

wireless

founders

to

a

about

vitalxchange, a patient focused health network

Entrepreneurship Network and one the

technology

is

passionate

innovation.

executive director of the National

of

Ramanathan

Previously,

startup

he

Charu

entrepreneur,

human life. She is the co-founder and CEO of

organization in

Dr.

teaches

he

first

Subsequently,

four

and

Northeastern

entrepreneurship He

of

ventures

CHANDU NAIR

DR CHARU RAMANATHAN

DR K SRIKRISHNA

through

Ramanathan

several

its

growth

has

been

for

her

awards

the

stages

of to

technology and humanity including Crain’s 40 under

40,

TiE

Immigrant

Entrepreneur

and

American Red Cross Hero. She holds a BS from Cochin

University

Engineering

from

and

PhD

Case

in

Biomedical

Western

directors of Menterra, a social impact fund.

and

recipient

contributions

focused private equity firm, and on the board of

Reserve

He's

also

associated

headquartered

with

boutique

the

New

investment

York bank,

Chesapeake Group, a specialist in cross border M&A focused on the tech sector. A

Postgraduate

in

Management

from

IIM,

Ahmedabad, he has been a member of various industry panels both in India and overseas as also a visiting faculty in various business schools.

University, USA

greater diversity in business.

MADRAS MANAGEMENT ASSOCIATION


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