Exiting to Vistaprint for $117.5M with Touraj Parang

The Exit - Presented By Flippa

Technology

5 • 2K Ratings

🗓️ 19 December 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Touraj wrote the book on successfully exiting a business. Quickly realizing his passion for creating products, after working at a VC firm which he describes as an on-the-job MBA, Touraj left to start his entrepreneur journey. Starting and selling multiple businesses, Touraj has experienced it all, from fire sale to successful exits, including selling Webs to Vistaprint for $117.5M. Listen to learn from Touraj’s challenges and successes. Personal &/or Company Bio: Touraj is a strategic and entrepreneurial leader with a passion for bringing innovative and delightful products and services to the masses. He currently is the President and COO of Serve Robotics. Serve Robotics is shaping the future of sustainable, self-driving delivery. Serve designs, develops and operates zero-emission robots that serve people in public spaces, starting with food delivery. LinkedIn - https://www.linkedin.com/in/tparang/ Website - https://www.serverobotics.com/ Twitter @Touraj - https://twitter.com/touraj His Book - https://www.exitpath.net/ -- 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 Flippa,
0:03.1	the world's largest marketplace to buy and sell businesses on line and startups.
0:07.5	The exit is a 30-minute podcast featuring amazing entrepreneurs who have been there and they have done it.
0:11.9	The exit talks to operators who bought and sold businesses of all different sizes.
0:16.1	You learn how they did it, why they did it, and get exposure to the world of exits.
0:20.0	It's a world occupied by a small few that accessible to many.
0:24.2	Now in this episode, I sit down with Duraj Burang.
0:28.6	He's a really cool entrepreneur and author and VC currently,
0:33.6	and he is a really fun guy to talk to.
0:36.0	We go through all of his journey, all of his experiences all the way from out of college to him
0:42.8	authoring a book now called The Exit Path.
0:46.2	And when someone is, you know, as experienced as Duraj,
0:51.1	it's really important to sit down and listen to the details of a story like this.
0:58.1	And for me, you know, listening to Up Council, him being a founding COO and advisor there is really inspirational
1:05.6	because that is, to me, a really phenomenal example of a marketplace.
1:10.6	And I love what they've done there.
1:13.0	So what we do today is we talk a lot about webs.
1:16.5	There's a company that's sold that he really helped lead that charge through this exit to Vista Print.
1:24.1	And also we talked about Jaxter, which was his real first breakout startup.
1:30.1	And they sold that in the 2009 range.
1:35.7	So really exciting to talk to him.
1:37.8	You know, he was in the heart of the.com boom and really cool story of how he's scaled up that company to an exit
	...

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