Exiting a $12M Marketplace with Nathan Hirsch

The Exit - Presented By Flippa

Technology

5 • 2K Ratings

🗓️ 29 May 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on the exit: Nathan Hirsch describes himself as a long-time entrepreneur. He started working at 15, and soon realized that he didn’t really enjoy responding to a boss, or adhering to a schedule. During college, his entrepreneurial spirit boomed: in 2008, Nathan had an Amazon account, and started experimenting with dropshipping even before it was a thing. Soon enough he was running a million dollar business out of his fraternity house. The business was growing so fast he needed to hire people quickly… and that’s where the idea for freeup.net came from. Four years after its inception, the marketplace for hiring pre-vetted freelancers in all industries reached $12M dollars in revenue, and two entrepreneurs approached Nathan and his business partner with an offer… Listen to find out how the exit unfolded. Nathan Hirsch is currently the CEO of EcomBalance, a US based bookkeeping service for eCommerce businesses with monthly analysis. As well as being the CEO of AccountsBalance, A monthly bookkeeping services for agencies, SAAS, coaches, service providers, and online businesses. Nathan is also the Co-Founder of the Outsource School, which teaches you how to crack the code on hiring and scaling your business to 6 and 7 figures with virtual assistants. In 2015 he founded FreeeUp.com with the sole purpose of providing online business owners with a more reliable and faster way to hire talented workers online. Nathan exited the company after an acquisition in 2019. LinkedIn: https://www.linkedin.com/in/nathanhirsch/ Nathan’s Current Companies: https://ecombalance.com/ - https://accountsbalance.com/ - https://www.linkedin.com/company/outsourceschool/ For a Free Flippa Business Valuation: flippa.com/freevaluation -- 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 Flipup,
0:02.8	the number one platform to buy and sell online businesses.
0:06.0	Flipup manages over a billion in deal value annually,
0:09.7	and combines expert buy and sell side advisory
0:12.3	with its market leading valuation tool,
0:14.2	deal room, off-market offering,
0:16.1	market insights and AI-based deal-by-deal matching engine.
0:20.4	Now for the exit.
0:21.7	The exit is a 30-minute podcast featuring
0:23.9	awesome entrepreneurs who have been there and they have done it.
0:26.6	The exit talks to operators who have
0:28.8	bought and sold businesses of all different sizes.
0:31.2	You learn how they did it, why they did it,
0:33.6	and get exposure to the world of exits.
0:35.7	It's a world occupied by a small few,
0:38.0	but accessible to many.
0:39.8	On this episode, I sit down with Nathan Hirsch.
0:43.3	He's an awesome entrepreneur who is currently
0:46.2	the founder of E-Com Balance and Accounts Balance.
0:50.6	E-Com Balance is monthly bookkeeping for E-Com sellers,
0:54.0	and the Accounts Balance Company
0:56.2	is monthly bookkeeping for digital businesses in general.
	...

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