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Thrivetime Show | Business School without the BS

Business | DigitalTutors.com Founder Piyush Patel on How He Grew and Sold His Business for $45 Million of Cash + Stock

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 18 April 2023

⏱️ 47 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

How does one man take a $54 investment and turn it into a company that he

0:06.6

later sold for $45 million of cash and stock? How does one man build an online

0:12.8

business worth over $10 million with just two coders? On today's show we

0:18.2

interview my friend, Peish Patel, the founder of Digital Tutors, the company

0:23.2

later acquired by Pluralsight. During today's interview, Peish discusses how we

0:28.1

started Digital Tutors, how he got his first customers, how he recruited top

0:32.5

talent, and his book lead your tribe, love your work, and entrepreneur's guide to

0:37.8

creating a culture that matters. What BAM stands for and much much more. Some shows

0:45.4

don't need a celebrity to write her to introduce the show, but this show dies. Two

0:51.3

men, eight kids co-created by two different women, 13 multi-million dollar

0:58.2

businesses, ladies and gentlemen, welcome to the Thrive Time Show.

1:03.2

Yes, yes, yes, and yes. The Thrive Nation on today's show we have an incredible

1:25.4

guest. My friend, Mr. Peish Patel, welcome on to the show. How are you, sir?

1:30.4

I'm awesome, thank you. Peish, the listeners out there that are not super familiar with

1:36.2

your background. Could you walk us through kind of your history building digital tutors,

1:43.0

kind of where it all began, and then where it ended for you? Yeah, I was a six grade science

1:50.2

teacher, turned college professor, then entrepreneur, and started with a $54 personal investment

1:59.6

and grew it to $10 million with no investors, no debt, and then sold it for over $45 million

2:06.4

in cash. That's the one sentence. Step one, you've got to gather the $54, step two, sell

2:17.0

for $54 million. Okay, now talk to me about this, though. How did you get your first

2:23.8

customers at digital tutors, and what product did digital tutors sell to the world?

2:28.7

Right, so we were pretty much online training academy, much like your business school online.

...

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