Feelings are universal emotions. But there is one feeling that is almost exclusively the preserve of startup founders. The bittersweet feeling of a startup exit. On the one hand, you experience the joy of shepherding your creation into a new home and gaining the personal freedom that life-changing money delivers. On the other hand, you feel an indescribable sense of loss—a dull, aching pain of losing something that you love and of closing a chapter in your life.
play it smooth
No exit wounds: Minjar parlays $2-million funding into a $50-million acquisition
In a world dominated by funding shenanigans and unicorn obsessions, Vijay Rayapati of Minjar shows us a different template for startup success
Minjar is a B2B SaaS startup that was just acquired by Nutanix, a US-based publicly-listed cloud infrastructure company
While the acquisition price hasn’t been officially announced yet, it is purported to be in the range of $50 million
But Minjar’s exit was a win-win-win proposition—a win for the founders, a win for the investors and a win for the employees
And the company only raised $2 million in equity funding; how did it pull this off?