204. Behind the Buyout: The Numbers & Negotiation of Vibely’s Acquisition By Kajabi

Cubicle to CEO

Ellen Yin

Business, Marketing, Entrepreneurship

5.0 • 580 Ratings

🗓️ 24 July 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Try Kajabi for 30 days completely FREE: https://ellenyin.com/kajabi What is it actually like to build a company that gets acquired? Sharing her first-hand experience today is tech founder Teri Yu, who sold her community-based software, Vibely, to the $2 billion online business platform Kajabi, where her product became Kajabi Communities. After raising $2.5 million in funding, Teri eventually scaled Vibely to a $6 million annual run rate and hundreds of thousands users served through the communities creators hosted on Vibely. Recognized by BlogHer as the Innovator of The Year, Teri’s path from cubicle to CEO and then back to employee as Kajabi’s now Director of Product is anything but conventional. Teri spills the beans on the key factors that made her company an attractive buy to interested parties like Google, Patreon, and of course Kajabi, the pivotal moments that shaped her decision to sell and why she chose Kajabi, and how she navigated the rollercoaster of post-exit emotions as a founder. View the transcript for this episode at: https://otter.ai/u/meYw2hYJ3GQvoXh_lDYxX7jexqE?utm_source=copy_url Thank you to our sponsors: Calling all creative entrepreneurs! Use code 'CEO' at checkout to join Tiffany Napper's coaching membership, Upleveler Society, for only $49/month when you go to https://www.tiffanynapper.com/upleveler-society Try the #1 all-in-one E-commerce platform: Shopify! Sign up for a one dollar per month trial period at shopify.com/cubicle Connect with Teri: @teriyakichicken Iconic business leaders all have their own unique genius. Take this quick 10 question quiz to uncover your specific CEO style advantage: https://ellenyin.com/quiz If you enjoyed today's episode, please: Leave a positive review or rating at www.ratethispodcast.com/cubicletoceo Sign up for our text notifications at ellenyin.com/superfan so you can be the first to know when a new case study has dropped! Post a screenshot & key takeaway on your IG story and tag us @missellenyin & @cubicletoceo Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to Kivocal to CEO, episode 204. What is it actually like to build a company that
0:06.3	gets acquired? Sharing her firsthand experience today is tech founder Terry Yu, who sold her community-based
0:13.0	software, Viably, to the $2 billion online business platform, Qajabi, where her product became
0:19.0	Qajabi communities. After raising $2.5 million in funding,
0:23.6	Terry eventually scaled Vibli to a $6 million annual run rate and hundreds of thousands of
0:29.8	users served through the communities hosted by creators on Vibli. Recognized by blog her as the
0:35.6	innovator of the year, Terry's path from cubicle to CEO and then back to employee as Kajabi's now director of product is anything but conventional.
0:45.3	Terry spills the beans on the key factors that made her company an attractive buy to interested parties like Google, Patreon, and of course, Kajabi, the pivotal moments that shaped
0:55.4	her decision to sell and why she ultimately chose Kajabi, and how she navigated the roller
1:00.8	coaster of post-exit emotions as a founder.
1:06.6	Welcome to Cubicle to CEO, the podcast. I'm your host, Ellen Yin. I quit my job without a
1:12.6	backup plan and bootstrapped my first $300 freelance project into $2 million in revenue by age 28.
1:19.6	On this show, you'll hear weekly case study interviews with leading entrepreneurs and CEOs
1:24.3	who share one specific strategy that successfully grew their business revenue.
1:29.5	Skip the expensive and time-consuming learning curve of testing everything yourself
1:33.5	by borrowing what actually works from the best and brightest mentors.
1:37.9	You'll also get a front row seat to my founder's journey through transparent income reports
1:42.4	and behind the business solo episodes.
1:45.1	Subscribe now so we can grow together every Monday.
1:52.9	If you're feeling in your head about your business lately, I highly recommend this trusted
1:57.2	business coach and community to lean on. The upleveler society is a membership for
2:02.1	creative entrepreneurs to help you build a stronger business and lead a more joy-filled life.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ellen Yin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ellen Yin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.