Charlie Silver's Path from Jiffy Lube to Data Privacy Pioneer

The Exit - Presented By Flippa

Technology

5 • 2K Ratings

🗓️ 22 April 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on The Exit: After a short stint in politics, Charlie Silver, founder and CEO of Permission.io, shares his 35-year entrepreneurial journey, which started by opening Michigan’s first Jiffy Lube store. 10 years and 17 franchises later, he sold all of his stores back to Jiffy Lube, and founded his next venture, RealAge, a health risk assessment company. After launching and scaling the business to $30M in revenue, he decided it was the right time to sell, and exited the business to Hearst Corporation. Through it all, Charlie reflects on the importance of conviction in entrepreneurship but balanced with understanding the risk of each endeavor, and that a previous success does not guarantee the next. Now, with Permission.io, Charlie aims to empower individuals by allowing them to control and monetize their data in a privacy-centric internet landscape. For more details and insights from his entrepreneurial journey, listen to the latest episode of The Exit. Charlie Silver is a start-up business expert who has built several enterprises from the ground up to successful exit. Charlie understands that each business has its own unique DNA and that there is no formula for business success other than a deep commitment to reality and reason, and a dogged pursuit of obtaining and retaining customers. Charlie's current project is Permission.io. Permission has created ASK to serve as the digital reward for individuals to share their data and engage with brands. LinkedIn: https://www.linkedin.com/in/charliehsilver/ Website: https://search.permission.io/ For a Free Flippa Business Valuation: https://flippa.com/exit -- The Exit—Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/

Transcript

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0:00.0	Hello and welcome to the exit presented by Flip Up the number one platform to buy and sell online businesses
0:05.9	Flipa manages over a billion in deal value annually and combines expert buy and sell side advisory with its market
0:13.0	leading valuation tool, deal room, off market offering,
0:16.3	market insights, an AI-based deal by deal matching engine.
0:20.7	Now for the exit.
0:22.0	The exit is a 30 minute podcast featuring awesome
0:24.4	entrepreneurs who have been there and they have done it. The exit talks to
0:27.6	operators who have bought and sold businesses of all different sizes. You learn
0:31.5	how they did it, why they did it and get
0:33.8	exposure to the world of exits it's a world occupied by a small few but
0:38.2	accessible to many on this episode of the exit I sit down with Charlie Silver
0:42.0	the founder and CEO of permission
0:44.6	that I. O. This is a phenomenal story where Charlie talks about how he
0:48.9	initially came across Jiffylube back in the 80s in the west coast and then said you know what I think I'm going to
0:56.0	take this back to Michigan and from there he scaled it to 17 locations so starting up
1:02.2	this business after seeing the initial jiffy loop and then
1:06.8	eventually selling it back to jiffy loop is a beautiful story of seeing an inspiration, starting their own business,
1:14.8	and then effectively selling it to the initial inspiration is an awesome example
1:19.8	of solving a problem in your hometown
1:22.8	when you see it elsewhere.
1:23.9	From there he started real age,
1:25.2	which is a fun awesome company where
	...

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