Part 5/7:
Despite substantial growth, setbacks emerged. Technical failures led to a 70% drop in sales overnight, causing significant emotional and mental strain. The creator found themselves at a crossroads, faced with either hiring help or selling the startup altogether. Opting for a sale, the creator aimed to secure a quick exit given their exhaustion.
The startup's estimated value stood at $300,000, but recognizing the urgency led to a pricing strategy of $200,000. A buyer swiftly emerged, willing to purchase the venture for cash, marking the beginning of an intense, tumultuous transition process fraught with complications.