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Ryan Breslow, the founder of checkout startup Bolt, once valued at $11 billion, is raising up to $27 million in pay-to-play bridge funding. He is personally investing $5 million to support the company's turnaround efforts amid controversy.

Ryan Breslow Seeks Up to $27M in Bridge Funding to Rescue Bolt

I recently had a discussion with a cybersecurity company's founder who mentioned that the board only thinks about a potential M&A process when they’re "in the mood," signaling that selling is often treated as a backup plan when growth slows or liquidity pressures arise. However, the best moment to consider selling usually comes when things are going exceptionally well—when revenue is growing, customer retention is strong, and market momentum is high. This is when strategic buyers tend to offer the best valuations since they prefer acquiring winning businesses.

Another sign to start thinking about sale options is when the founder begins to lose energy or shifts focus, though this doesn’t necessarily mean a sale—sometimes a leadership transition or a partial liquidity event suits better. Also, when multiple buyers show interest, it’s valuable intel that the company may be strategically well-positioned, even if formal selling isn’t immediately planned.

Typically, boards only seriously consider selling when the company faces challenges like slowing growth or cash constraints, but at this point, valuations often reflect struggles, and shareholders may receive less favorable offers. Instead, these moments might be better for a strategic reboot like pivoting or leadership changes to regain momentum.

Boards should actively avoid inertia by continuously evaluating whether selling, scaling, pivoting, or remaining independent will best create shareholder value. Ideally, these conversations happen proactively—not out of urgency or crisis.

Itay Sagie advises tech companies and boards on strategy and M&A, emphasizing the importance of timing and strategy in maximizing company value.

Strategic Timing: When Should a Board Begin Considering Selling Their Company?

AI-native accounting startup Rillet has reached unicorn status with a $100 million Series C funding round led by Iconiq. The company achieved a $1 billion valuation following a rapid doubling of its annual recurring revenue (ARR) in the last three months since emerging from stealth mode two years ago.

Rillet Secures $100M Series C Funding, Achieves $1B Valuation Two Years After Stealth Launch

Inc. 5000 CEOs share insights on the critical people-related challenge underlying rapid business growth.

The Core Leadership Challenge Keeping Fast-Growth CEOs Awake at Night

Trust in social media is waning despite rising global engagement, as the platforms integral to daily life face growing criticism over the quality of interactions they foster. Booker Loud, founder and CEO of Pin-Social, views this tension as a core design issue impacting the entire industry, highlighting the need for social platforms that genuinely earn and maintain user trust.

Booker Loud on Cultivating Trust in Social Media Platforms Beyond Algorithms

Selling your business at the right moment is crucial, and often, the best time to sell is when you feel least inclined to. Understanding this can transform your approach to growth and exit strategy.

Why Most Founders Overlook Exit Planning and Why It Matters

A CEO in the bioplastics sector reveals a hard truth: many sustainability claims in the industry are more about marketing than reality. Learn what to watch for to make informed choices.

The Reality Behind Sustainable Bioplastics: An Insider's Perspective

Discover the actor-turned-founder and serial entrepreneur who collaborated with NFL star Aaron Rodgers to create a unique platform that bridges the gap between business owners and elite athletes, all achieved without any marketing expenditure.

Innovative Platform Connects Business Owners with Top Athletes Without Marketing Spend

Strong company cultures are no accident—they are carefully nurtured and intentional.

What Music Festivals Teach Us About Cultivating Company Culture

Entrepreneurs share their toughest lessons and advice on choosing the right business coach to avoid costly mistakes and maximize growth.

Is Hiring a Business Coach Worth It? Real Founders Reveal Their Wins, Losses, and Costly $9,000 Lessons