Built to Sell Radio is a weekly podcast for business owners. Each week, we ask a recently cashed out entrepreneur why they decided to sell, what they did right and what mistakes they made through the process of exiting their business. Built to Sell Radio is the ultimate insider's guide to approaching the most important financial transaction of your life.
May 18, 92 minutes.
Josh Abramson has an impressive track record of building valuable companies. In 1999 Abramson started CollegeHumor.com, and before he could even graduate, Abramson received an offer of $9 million for the website. Abramson went on to start the popular video-sharing website Vimeo and apparel company BustedTees.com, selling his collection of companies toBarry Diller’s IAC/InterActiveCorpfor a reported $20 million in 2006.
After a short stint spent reporting to Diller, Abramson left IAC and started TeePublic, an innovative online marketplace that serves as a platform for artists and...
In 2011, Tammer Kamel launched Quandl, a company that provided investors with data designed to give them a competitive trading edge. For example, Quandl offered subscriptions that let investors access private jet flight information for public companies as a predictor for M&A activity.
By 2018, Quandl had grown to 75 employees. Kamel saw industry giants entering the space, but knowing the time and capital investment it would take to build a competitive offering, he believed they would prefer to acquire Quandl.
Kamel began shopping the business around, and shortly after, Nasdaq acquired Quandl for a life-changing sum. In this episode, you’ll learn how to:
In 2007, Laura Roeder started selling online courses on how to market through social media. Her courses gained popularity, resulting in Roeder growing an email list of around 70,000 people. Inspired to further serve her customers, she decided to create a social media scheduling software.
In 2014, MeetEdgar was born. It was one of the first social media planning tools that allowed you to schedule your social media content. Piggy backing off the list she had built from her online course business, the company hit $1 million in recurring revenue in only 11 months.
But the early success began to slow, and the business hit a plateau.
Growing tired of the day-to-day and uninspired to grow her business, Roeder decided it was time to sell. She sent out a cold email advertising her company to twenty potential acquirers. Her outreach garnered a lot of attention, ultimately resulting in MeetEdgar being acquired by Sureswift Capital in 2021 for a...