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Post-Deal Best Practices In the Socialize Acquisition by ShareThis

On DROdio

This post is a work in progress, since we’re just now selling our company Socialize to ShareThis. I also wrote about how the experience feels, and what getting a deal done is like.

One of my goals is to ensure a successful outcome from the deal. I'll start by defining what I mean by "successful outcome:" That the combination of the two companies produces more value together than we would have been able to achieve alone.

The first thing I did was start writing an Integration Document with my co-founders when we signed the term sheet. This document laid out the specific goals of the acquisition, the resources we had at our disposal, and the key items we would need to request to achieve those goals. Once we had co-edited that document in Google Docs to a point where we were all satisfied with it, I shared it with the ShareThis executive team.

I had already discussed and gotten agreement from Kurt, the CEO, on what the main goals of the acquisition were pre-term sheet. In the integration document, I outlined how we were going to prioritize those goals, and what resources we were going to put into them to achieve the goals.

Rejected from YC

On Tynan

It's not quite fair to write a post full of optimism and entitlement and then not follow up on it when I'm proven to be wrong. So here it goes: we didn't get an interview with Y Combinator.

I still think we're exactly what they're looking for, whether our application accurately conveyed that or not, but the fact is that we got the rejection letter today. I wasn't quite sure we'd make it past the interview round, but I never really considered that we may not get an interview.

Surprised as I am, there's no point in dwelling on the outcome, so this is the last you'll hear me mention YC until we become a company they wish they invested in, at which point I may or may not reserve a sentence to gloat.

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