Navigating the New M&A Landscape with Indy Guha (VMG), Jared Roesch (OctoAI), Dan Kang (Mercury), Michelle Edwards (Perkins Coi) | Inside Summit 2025 [LIVE]

In this special Inside Summit episode of The Room Podcast, Claudia moderates a powerhouse panel featuring Michelle Edwards, Partner at Perkins Coie, Indy Guha, GP of VMG, Dan Kang, CFO of Mercury, and Jared Roesch, a founder who recently exited to NVIDIA.  When startups challenge incumbents, winning deals requires more than just a great product. This episode shares how to master founder sales by building strong relationships and leveraging insider knowledge. Learn about crafting a compelling sales strategy and how to sell effectively, even when facing executive changes. With perspectives spanning legal, investor, financial, and operator experience, the panel breaks down how deals get sourced, what drives acquirer motivation, and how macro conditions—from AI acceleration to shifting public markets—are reshaping the paths available to startups. In this conversation, the group shares tactical lessons on preparing your company years before an exit, cultivating strategic relationships, and understanding the human and emotional realities of selling a business. They explore why deals fall apart, how founders can signal readiness to buyers, and why the best outcomes often begin long before a term sheet is drafted. Whether you're raising, scaling, or fielding interest from potential acquirers, this episode offers clear, actionable insights for building toward a successful transaction. (00:00) Introduction (06:05) What has each panelist’s experience been with M&A? (08:51) How is M&A shifting in 2025 from the investor side? (10:56) What is driving more companies towards M&A? (12:25) What are some of the most common structural shifts in deals today versus the past? (14:49) When does a founder know acquisition is the right path? (17:41) What is something that most founders don’t think of when it comes to being acquired? (21:28) How does a founding team build relationships with investors? (23:28) What red flags should a buyer or seller be looking for during negotiations? (28:27) How do you manage a team that's working and building that might not know that an acquisition is happening? (29:48) What do buyers wish founders did more of to set themselves up for a successful transaction? (32:36) How should founders approach the conversation of acquisition with their investors? For The Room Podcast in your inbox every week, subscribe to our newsletter. Follow us on Instagram  Follow us on TikTok  Check out our guide to podcasting here!  Don't forget to subscribe to our channel on YouTube, Spotify, and Apple Music! Brought to you by Perkins Coie and Mercury.* *Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust; Members FDIC. WX Productions