Exiting to the Leading Sales Engagement Platform with Rod Feuer

The Exit - Presented By Flippa

Technology

5 • 2K Ratings

🗓️ 10 July 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on The Exit: Rod Feuer shares his journey from the selfish pursuits of awards and accolades, to finding creative growth that ultimately resulted in a successful exit. After an unfulfilling career in Wall Street, Rod found his passion creating products to help businesses grow. He left Wall Street and co-founded Costello, a technology company to help sales professionals manage deals more effectively. After a $1 Million raise, building a small team and creating a prototype the company began to grow. At the two year mark they were nearing the end of their cash runway and found themselves at a fork in the road. Do they continue to try to grow on their own or look for an acquirer who could take their vision to new heights? Listen to find out how their exit resulted in their product reaching a larger audience and the challenges they faced throughout the exit process. Rod Feuer is currently the Chief Product Officer of Service Management Group (SMG). SMG is currently creating a new customer experience platform for location-based businesses while Rod Is leading Product Management, UX Design, Data Science, Engineering, Product Marketing, and Product Operations teams. In 2017 Rod Co-founded a company called Costello to build a product that helps sales professionals manage deals more effectively and guide them through critical moments of sales calls. In 2019 the company was acquired by SalesLoft and Rod joined as the VP of Product. LinkedIn: https://www.linkedin.com/in/rodfeuer/ Rod’s Current Company: https://smg.com/ Twitter @Rodfeuer : https://twitter.com/rodfeuer 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,
0:02.7	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.
0:26.7	The exit talks to operators who
0:28.6	have bought and sold businesses of all different sizes.
0:31.2	You learn how they did it, why they did it,
0:33.5	and get exposure to the world of exits.
0:35.8	It's a world occupied by a small few,
0:38.1	but accessible to many.
0:39.7	On this episode, I sit down with Rod Foyer.
0:43.0	He's an awesome entrepreneur
0:44.5	who's currently the chief product officer
0:46.2	at SMG Service Management Group.
0:49.4	We walk through his exit of Costello
0:52.3	to a company called Sales Loft.
	...

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