Exclusive: Selling My Company & Making Life-Changing Money

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.8 • 1.1K Ratings

🗓️ 31 January 2023

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 19: Today, hosts Alex Lieberman (@businessbarista) and Jesse Pujji (@jspujji) are breaking down the recent sale of Jesse’s first business, Ampush. From building the company in the early days, to making the decision to sell, to the actual negotiations and the emotional aftermath, Jesse and Alex dig into all of it. #TheCrazyOnes #Startups #Entrepreneur Watch The Crazy Ones here: https://www.youtube.com/@TheCrazyOnesPod (00:46) - Intro (04:50) - How Tinuity came to acquire Jesse’s company, Ampush (07:20) - The creation and growth of Ampush (18:43) - The first time Ampush tried to sell (24:35) - What led Jesse to transition out as Ampush’s CEO (30:04) - What drove the more recent decision to sell Ampush (32:41) - What the process of selling Ampush looked like (43:44) - What Jesse prioritized when negotiating the sale of Ampush (49:53) - The emotional experience of selling Ampush (1:02:25) - The importance of having a supportive partner in the entrepreneurial journey (1:06:05) - Why the sale has made Jesse feel successful (1:08:03) - How Jesse thinks about raising his kids now that he’s reached a certain level of success (1:10:51) - What’s next for Jesse Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Our Hosts! Alex Lieberman (@businessbarista) Jesse Pujji (@jspujji) Links: Jesse’s 2010 Online Lead Generation deck Jesse’s twitter thread after selling Ampush Tinuiti Acquires Ampush Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We signed the deal. We did what's called a split signing close. I think I told you this offline
0:04.1	But like so we signed on the 21st of December and we closed on the 4th
0:08.5	so imagine the most like
0:12.1	anticipatory to
0:14.1	The deal is done like
0:16.1	all
0:18.1	I don't know if we're gonna run this but this is the M&A version of blue balls
0:22.7	Yeah, I didn't want to say that but yes, it's just like oh my god. Is it gonna like it's gonna happen?
0:28.7	It's like yeah, you know, and then your family like nobody knows you to congratulate you like when I was like
0:33.1	That's not close and my dad's like a real estate guy
0:35.0	So he's like you don't you stay on this every day until like, you know
0:38.0	It's not done until the money's in the bank like so there's all these like it's just like sitting there
0:42.1	And that was a create like it's just a highly anticipation oriented period
0:47.3	What's up everyone I'm Alex Lieberman, you know this is Jesse Pooji and this is the crazy ones
0:55.0	Okay, I'm gonna start with something have a little surprise
1:03.3	Tell me if you can hear this
1:13.2	It's the acquisition along
1:16.2	Help
1:22.3	Ladies and gentlemen welcome back to the crazy ones like co-host Jesse
1:27.6	Class A crazy officially sold his business and push after what 13 years 13 years
1:33.6	13
1:34.7	Yeah, the 13 year overnight success
	...

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