5 • 2K Ratings
🗓️ 27 February 2023
⏱️ 31 minutes
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0:00.0 | Hello, and welcome to the Exit presented by Flippa, the world's largest marketplace |
0:04.9 | to buy and sell online businesses and startups. |
0:07.5 | The Exit is a 30-minute podcast featuring amazing entrepreneurs who have been there and they |
0:11.1 | have done it. |
0:12.3 | The Exit talks to operators who have bought and sold businesses of all different sizes. |
0:16.8 | You learn how they did it, why they did it, and get exposure to the world of Exits. |
0:20.8 | It's a world occupied by a small few, but accessible to many. |
0:25.2 | On this episode, I sit down with Adam Landis, an awesome entrepreneur who sold his company |
0:30.6 | Ad Libertas to Branch. |
0:32.8 | If you're not familiar with Branch, it is a Silicon Valley unicorn. |
0:37.0 | They are gearing up for an IPO. |
0:38.9 | It's an awesome data-driven company, and he walks through the process of how he pitched |
0:45.3 | Ad Libertas his startup to Branch to fulfill their mission. |
0:50.1 | He walks through all the different mechanisms that they used. |
0:54.2 | They're getting prepared for the Exit, through negotiations, going back and forth with |
0:58.9 | the co-founder, and ultimately leading back to how he started Ad Libertas was one of the |
1:04.4 | most unique stories I've heard. |
1:06.6 | His first two customers became his first two co-founders. |
1:11.6 | I have not heard that before, and I think it's a really interesting approach where they |
1:16.0 | were funding the company and also helping him really start the business. |
1:21.8 | Coming through the acquisition with such a unicorn company has made it such a unique |
1:27.2 | story for Adam, and he talks about how it's important to know you're attaching yourself |
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