The Worst First Offer That Ever Worked episode artwork

EPISODE · May 27, 2026 · 5 MIN

The Worst First Offer That Ever Worked

from The Business Negotiation Podcast with Fexingo: Deals, Contracts, and Closing Conversations · host Fexingo

Most negotiation advice says never accept the first offer. But what about the first offer you make? In this episode, Lucas and Luna dissect a famous 2017 deal where a startup made an opening bid that every textbook said was too aggressive — and walked away with terms their own board called impossible. They break down the psychology of the 'anchoring trap in reverse,' the one number that changed the entire conversation, and why sometimes the worst first offer is the only one that wins. Plus: how a handful of listener donations keep this show ad-free and independent. #Negotiation #Business #NegotiationStrategy #Anchoring #FirstOffer #StartupDeals #MergersAndAcquisitions #DealMaking #FexingoBusiness #BusinessPodcast #Podcast #AnchorBias #ReverseAnchoring #NegotiationTactics #BusinessNegotiation #DealStructuring #BehavioralEconomics #SalesStrategy Keep every episode free: buymeacoffee.com/fexingo

Most negotiation advice says never accept the first offer. But what about the first offer you make? In this episode, Lucas and Luna dissect a famous 2017 deal where a startup made an opening bid that every textbook said was too aggressive — and walked away with terms their own board called impossible. They break down the psychology of the 'anchoring trap in reverse,' the one number that changed the entire conversation, and why sometimes the worst first offer is the only one that wins. Plus: how a handful of listener donations keep this show ad-free and independent. #Negotiation #Business #NegotiationStrategy #Anchoring #FirstOffer #StartupDeals #MergersAndAcquisitions #DealMaking #FexingoBusiness #BusinessPodcast #Podcast #AnchorBias #ReverseAnchoring #NegotiationTactics #BusinessNegotiation #DealStructuring #BehavioralEconomics #SalesStrategy Keep every episode free: buymeacoffee.com/fexingo

NOW PLAYING

The Worst First Offer That Ever Worked

0:00 5:46

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Frequently Asked Questions

How long is this episode of The Business Negotiation Podcast with Fexingo: Deals, Contracts, and Closing Conversations?

This episode is 5 minutes long.

When was this The Business Negotiation Podcast with Fexingo: Deals, Contracts, and Closing Conversations episode published?

This episode was published on May 27, 2026.

What is this episode about?

Most negotiation advice says never accept the first offer. But what about the first offer you make? In this episode, Lucas and Luna dissect a famous 2017 deal where a startup made an opening bid that every textbook said was too aggressive — and...

Can I download this The Business Negotiation Podcast with Fexingo: Deals, Contracts, and Closing Conversations episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!