Ep 381 How to Know When to Sell our Business: Inside Nasdaq’s Acquisition of Quandl. Lessons on Timing and Negotiation for Entrepreneurs with Tammer Kamel - Risks of taking VC money, compete with an industry giant, negotiate with a competitor, knowing w

<p class="MsoNormal" style= "margin-bottom: 0cm; line-height: normal;"><span style= "font-size: 10pt;">In 2011, Tammer Kamel launched Quandl, a company that provided investors with data designed to give them a competitive trading edge. For example, Quandl offered subscriptions that let investors access private jet flight information for public companies as a predictor for M&A activity. </span></p> <p class="MsoNormal"><span style="font-size: 10pt;"><span style= "line-height: 107%;">By</span> <span style= "line-height: 107%;">2018,</span> <span style= "line-height: 107%;">Quandl had grown to</span> <span style= "line-height: 107%;">75 employees</span><span style= "line-height: 107%;">.</span> <span style= "line-height: 107%;">Kamel saw industry giants entering the space, but knowing the time and capital investment it would take to build</span> <span style="line-height: 107%;">a competitive</span> <span style="line-height: 107%;">offering,</span> <span style= "line-height: 107%;">he</span> <span style= "line-height: 107%;">believed they would prefer to acquire Quandl.</span></span></p> <p><span style="font-size: 10pt;"><span style= "line-height: 107%; font-family: Calibri, sans-serif;">Kamel</span> <span style= "line-height: 107%; font-family: Calibri, sans-serif;">began shopping the business around, and shortly after, Nasdaq acquired Quandl for a life-changing</span> <span style= "line-height: 107%; font-family: Calibri, sans-serif;">sum</span><span style="line-height: 107%; font-family: Calibri, sans-serif;">.</span></span></p>