When To Sell?
It's very hard to time the market. I generally feel that if you are inclined to sell the business (instead of working for 7-10 years to build something large and capable of being a public company), then you should sell when they buyers are knocking down the door. I've always said that venture backed companies are bought, not sold.
I was reminded of that this morning when I saw the news that Digg is likely to be sold to either Google or Microsoft for between $200mm and $225mm. That's a fantastic outcome, no doubt, and I have always been rooting for Kevin and his backers from Greylock. But Arrington goes on to say that the sale price is less than the $300mm that Digg's bankers at Allen & Co were floating last year.
So I went to comScore to see what Digg's traffic trends look like. Here are the worldwide UVs.
And here are the US-only UVs:
But regardless of who buys Digg, it's clearly a good time to be selling it. Maybe last year would have been an even better time. It's never clear when the perfect time to sell is until it's passed.