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My awesome sub-$500 HD Camera Setup

I've been using the Kodak Zi8 camera for several years now, and it's been a workhorse of my ability to capture content.  I originally reviewed the Zi6, and then reviewed the Zi8 more recently on this blog, and I also did a post on using a wide-angle lens with the Zi6 or Zi8.

But recently, I gave a speech at TJHSST and the Zi8 failed to record the video correctly, so I decided it was time to revisit my setup, since capturing content is so important to me (as per our company manifesto points #13 and #19).

The price of the Zi8 camera has come down so much since its launch (from above $200 to under $100 now) that I decided to use the following strategy:

Here's a video of the entire setup, with pics below that:

Selling Socialize to ShareThis: A Description of the Deal process

While I can't speak to the terms of our deal with ShareThis, I'll use the experience to walk you through the general framework of a deal process, so you understand the multiple steps involved.  What I'm going to share is not a reflection of how our deal went down -- I'm pulling from various deals I'm personally familiar with or from accounts I've heard from other entrepreneurs who have also sold.

The first thing I want to highlight is the stress that a deal puts on a startup.  Uncertainty kills innovation, and for that reason, if you think you want to sell, it's critical that you get the process done super quickly.  Thirty days from start to close is an ideal (although likely impossible) goal to shoot for.  Ninety days is a reasonable and achievable goal.

It's also likely that the acquiring company won't be in as much of a hurry as you are:  Getting the deal done is likely a secondary priority for them as compared to running their main business.  For the startup, it defines the future of the company -- or at least, it's one major possible outcome with huge implications for the startup.  There are a few exceptions on the acquiring side -- for example, Facebook is known for moving blazingly fast in deals as a part of its strategy to keep startups it's interested in from being scooped by other acquirers.  As I assemble best practices for getting deals done, speed is at the very top of my list.

Next, from the startup's perspective, is evaluating alternatives.  This is where someone like Ezra is invaluable.  As I mentioned in this post, Ezra Roizen is a banker, but he's different from all the others I've met.  Ezra is a scrappy "get it done" deal magician with a small team and a huge rolodex.  He can get a temperature read from someone (usually either the CEO or a board member) at any potential acquiring company you'd like to speak to.  It'll be up to you to decide what companies you want to target, and then Ezra can take it from there.