Ilya Rekhter is a repeat guest on the show. He previously was on in November 2018 to talk about his startup, DoubleMap. Since that time, DoubleMap merged with another company in their space, and they created a new company called Journey. That company was recently acquired by Ford and Ilya shares the process of going through both a merger and acquisition, what he has learned along the way, and what’s next for him, looking forward. To hear our earlier conversation, go here: https://startupcompetitors.com/podcast/2018/11/5/doublemap-with-ilya-rekhter

Topics in this episode

The benefits of merging with competitors

Detailing the acquisition process

Qualities you should look for in founders/co-founders

Ford wasn’t the most lucrative offer, but it was the most attractive because of the strategy

Working with partners through the acquisition process

There’s no right time to do get acquired - the telltale time to sell

Avoiding venture capital and relying on grant funding, as well as the drawbacks of being bootstrapped

Being critical of your investors to be sure they’re a good fit and can be helpful.

The biggest mistake he ever made

Contact Info

Email: ilya.rekhtor@gmail.com

Twitter: https://twitter.com/ilyaXindy