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The Founder Podcast

#84: Bootstrapped Beginnings to 9-Figure Exit; David Hauser founder of Grasshopper

The Founder Podcast

Chris Lee

Business, Entrepreneurship

51.4K Ratings

🗓️ 15 March 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Welcome to a new episode of The Founder podcast. Come with me on this journey with David Hauser, the visionary behind Grasshopper, as he shares the intricate process of selling a business and transitioning into the realm of investing. Delve into tactical advice on navigating acquisitions, managing deal fatigue, and finding renewed purpose post-sale. Whether you're on the brink of selling your business or venturing into investment, this episode promises invaluable insights and inspiration for your entrepreneurial odyssey.

Highlights: 

"II wanna get to a billion plus dollar exit, not because I care about the dollars. Like my life is not gonna change at all, but it's the scorecard that exists for the value I can deliver to this world”

   

"So the more buttoned-up you are during that process, the less likely it is price will go down and the more likely is price will go up." 

   

 "Having all of our families together, doing that was so meaningful and impactful.“ 

Timestamps

4:17 - Acquisition Offer Consideration  

7:39 - Overcoming Deal Fatigue in Acquisition  

10:05 - Post-Acquisition Financial Management  

19:38 - Balancing Work and Family for Impact  

24:43 - Selling a Business and Investing Dilemma  

28:07 - Family Gatherings' Influence  

28:32 - Reimagining Meaningful Experiences  

29:31 - Motivation to Prove Doubters Wrong  

35:53 - Opportunity Discovery Strategies  

42:25 - Cultivating Intimate Connections


Live Links: 

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YouTube - @thefounderspodcast

Transcript

Click on a timestamp to play from that location

0:00.0

It's actually very weird what I'm going to say, but I want to get to a billion plus dollar exit,

0:04.8

not because I care about the dollars. Like, my life is not going to change at all, but it's the

0:09.4

scorecard that exists for the value I can deliver to this world and that's the next step.

0:14.7

So for me it's driving towards that like what are the decisions over the next 10 years that

0:20.1

pushed me towards that direction and this doesn't have to be a short term goal

0:23.4

this can be a long it is a long that to me is the driving success.

0:26.7

Yeah yeah welcome to another episode of the founder podcast today I have Mr

0:32.0

David Houser. David was the founder of Grasshopper who eventually sold off. He bootstrapped this thing and eventually sold it off for $175 million to Citrix, a publicly traded company.

0:45.0

Welcome to the show David, excited to have you.

0:48.0

Thanks, Chris, for having me.

0:49.0

Yeah, it's going to be fun.

0:50.0

So let's dive in and talk about selling businesses. I think this is a thing that there's not a lot of information out there. In fact, when I've talked about it on other podcasts, as a guess or whatnot.

1:02.6

A lot of types of people are like,

1:03.9

like what is going on?

1:05.3

So I'd love to pick your brain.

1:07.4

You've had the opportunity to sell,

1:09.0

how many businesses at this point?

1:11.8

So I've probably sold now five or six different businesses a

1:15.2

variant size. Grasshopper was definitely the largest exit. But if you think

1:19.6

about it, like they've all gone through the same process and luckily we had a lot of key

1:23.8

learnings there we've now applied across those sales. So tell me tell me about

1:28.0

like that first one like first of all who held your hand and made sure that you did it properly because I think that's one thing that most entrepreneurs struggle with if they've never done it before it's like how do I go about it am I going to get screwed like what what's the actual process? And so walk us through that first one.

...

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