Jim Beach sold American Computer Experience for $200 million, which sounds like a fantastic exit, but when I asked Beach if he had any regrets I was surprised by how long a list of lessons he had to share including: How creating new divisions can help grow revenue but reduce the overall value of your company. - The dangers of raising venture capital. - Why growing faster than your cash flow may end up costing you more equity in your business than you want to give up. - The perils of partnering with a celebrity entrepreneur. - Why you should never take an angel investment from a friend or family member. - How to avoid a $250,000 legal bill when selling your company.

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