IF YOU SELL LATER

What an acquirer sees three years from now, and what they do not

Firms hesitate because they are thinking about an eventual sale. A licence does not sell the business, does not set a price on it, and does not put anything on the cap table for an acquirer to negotiate around.

Check your data Six questions, roughly two minutes.

No equity issued, no price setYou keep the underlying dataDefined and bounded by its terms

THE FUTURE-TRANSACTION QUESTIONS

What owners ask with an exit in mind

Does this encumber a future sale?

It does not sell the business or the underlying data and it does not set a price on the firm. The licence is defined and bounded by its own terms.

Would an acquirer see this as a liability?

No equity is issued and no debt is created. What exists is a completed licence of defined data, with the underlying asset still owned by you.

Can we license again later, or would that be double-selling?

That depends on the terms agreed, which is exactly why scope is defined before signature rather than left open.

Should we just wait until after we sell?

You can. The licence does not prevent anything later, so the question is really whether you would rather have the cash now.

THE ORDER OF THINGS

Bounded now, so it stays simple later

01

Scope agreed up front

The licence names what it covers before signature. Legibility later starts with definition now.
02

Reviewed, then priced

We look at the record before putting a number on it, which is also what keeps the terms stable.
03

Papered in a week

Typically $100K to $2M. A licence document, not a financing and not a sale agreement.
04

Paid and done

Net 30 to 60 after approval and anonymization. No ongoing relationship for a future buyer to inherit.

Check your data

SPEAK WITH A MANAGING PARTNER

Take the cash now without complicating the exit later

Six questions and a short conversation. Nothing you tell us leaves Polyshares.

Check your data