265: Touraj Parang, Why you should plan an exit path

265: Touraj Parang, Why you should plan an exit path

Welcome to Strategy Skills episode 265, an episode with a veteran Silicon Valley dealmaker, Touraj Parang. Get Touraj's book here: https://amzn.to/3bmsDGj

In this episode, Touraj takes us through his unique, decades-long experiences as an entrepreneur and investor. He shares the lessons he learned when he sold his first startup – with no exit plan – for pennies on the dollar. It was then followed by great success with his next startup as he applied his learnings and prioritized executing an exit strategy. Touraj discussed the key things to consider and the red flags to avoid when selecting investors and co-founders.

Touraj Parang is a seasoned entrepreneur, investor, advisor, and M&A expert who has sat in every seat around the table, structuring and negotiating strategic transactions since the late 1990s, including as a corporate attorney at legal powerhouses WSGR and O'Melveny & Myers. Touraj has been a founder, executive, and trusted advisor to several fast-growing technology startups with exits to LinkedIn, Instacart, Vistaprint, Postmates, and Amplify, among others. He has also spent nearly a decade on the acquirer side of M&A deals as a corporate development executive at Webs and GoDaddy.

Exit Path draws on Touraj's unique, decades-long experience involving hundreds of M&A transactions, strategic partnerships, and venture capital investments totaling billions of dollars in aggregate value. He is currently the President and Chief Operating Officer at Serve Robotics, a startup shaping the future of sustainable, self-driving delivery that he helped spin out of Uber, and an Operating Advisor at Pear VC, an early-stage venture capital firm, where he enjoys collaborating with and providing strategic guidance to mission-driven entrepreneurs. He earned his JD from Yale Law School and his BA in Philosophy and Economics from Stanford University.

Get Touraj's book here:

Exit Path: How to Win the Startup End Game. Touraj Parang. https://amzn.to/3bmsDGj

Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

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103: The secretive world of Samsung, the South Korean tech giant. Geoffrey Cain

103: The secretive world of Samsung, the South Korean tech giant. Geoffrey Cain

Strategy Skills Podcast 103: The secretive world of Samsung, the South Korean Tech Giant. With Geoffrey Cain Access advanced training episodes: http://www.firmsconsulting.com/promo An explosive expose of Samsung, one of the biggest and most secretive companies in the world, as the Korean juggernaut battles Apple and Sony to dominate the world of technology. Seen for decades in tech circles as a fast follower rather than an innovation leader, Samsung today has grown to become a market leader in the United States and around the globe. They have captured one quarter of the smartphone market and have been pushing the envelope on every front. In SAMSUNG RISING: The Inside Story of the South Korean Giant that Set Out to Beat Apple and Conquer Tech, Geoffrey Cain offers a penetrating look behind the curtains of the biggest company nobody in America knows. Forty years ago, Samsung was a rickety Korean agricultural conglomerate that produced sugar, paper, and fertilizer, located in a backward country with a third-world economy. However, with the rise of the PC revolution, Chairman Lee Byung-chul began a bold experiment: to make Samsung a major supplier of computer chips. The multimillion-dollar plan was incredibly risky but Lee, wowed by a young Steve Jobs, who sat down with the Chairman to offer his advice, became obsessed with creating a tech empire. In SAMSUNG RISING, readers follow behind the scenes as the company fought its way to the top of tech. Today, Samsung employs over 300,000 people (compared to Apple's 80,000 and Google's 48,000). The company's revenues have grown more than forty times from that of 1987 and make up more than 20 percent of South Korea's exports. It is also one of Apple's chief suppliers of technology critical to the iPhone, while its own Galaxy phone outsells the iPhone. Yet their disastrous recall of the Galaxy Note 7, with numerous reports of phones spontaneously bursting into flames, reveals the dangers of the company's headlong attempt to overtake Apple at any cost.

15 Huhti 20201h 30min

102: Current crisis = golden opportunity to transform your life

102: Current crisis = golden opportunity to transform your life

Our clients are often facing crises and catastrophes somewhere in the world. From virus outbreaks to earthquakes, wildfire evacuations and more. And they write to us about their immediate plans to manage the situation. What we find is that they almost always take actions that damage their careers and hurt their lives. They let external factors, the media narrative and their social network influence them to make poor choices that handicap their lives. Often severely. They don't realize that the biggest, fastest and most sustainable way to transform one's life and career is to leverage a crisis. Don't run from a crisis. Run into a crisis. This is a short episode released on Strategy Skills iTunes channel and YouTube which includes an overview of the full program we released for FC Insiders (StrategyTraining.com/Strategy Training apps). The full program: https://www.strategytraining.com/how-to-manage-a-crises

19 Maalis 20207min

101: Interview with McKinsey partner Peter Dahlström on the source of competitive advantage in the digital era

101: Interview with McKinsey partner Peter Dahlström on the source of competitive advantage in the digital era

This is #101 episode of the Strategy Skills podcast. In this episode we interview senior partner at McKinsey & Company Peter Dahlström on the source of competitive advantage in the digital era. Peter Dahlström leads McKinsey's client and firm communications. As the global leader for McKinsey Digital's B2C team, he serves leading institutions in the telecommunications, high-tech, media, and fast-moving consumer-goods industries. Peter is a co-author of FAST TIMES: How Digital Winners Set Direction, Learn, and Adapt. Access free training episodes from our paid advanced strategy training programs here (opt-in for free to get access): https://www.FIRMSconsulting.com

28 Helmi 202058min

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