What would need to be true?
Meaningful enterprise adoption or a difficult capability that fits an existing distribution channel; integration and security evidence.
Buyer classes
- Strategic corporate buyer
- PE-backed platform
- Small private-equity sponsor
Planning envelope
Effort: Team-scale product and commercial execution
Commercial wins: Demonstrated strategic use, defensible IP, dependable customer contracts and multiple credible buyers.
No universal revenue minimum: technology-led deals can have undisclosed or immaterial target revenue.
Non-negotiable checks
- Integration due diligence
- Talent / employment obligations
- Funded investment-committee approval