Finding the Cocktail for Success with Kit Codik

The Exit - Presented By Flippa

Technology

5.0 • 420 Ratings

🗓️ 1 January 2021

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kit had never run a media business before and he had never sold an ad in his life, but in 2009 he founded Liquor.com. The business started as a daily email and scaled to become the leading digital media platform for cocktails and spirits lovers. In 2019, the business was acquired by Dotdash (IAC). Hear the story here on The Exit. -- 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 https://flippa.com/the-exit-podcast/

Transcript

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0:00.0	Hello and welcome to the Exit presented by Fliplid, this is a 30 minute podcast featuring
0:14.6	amazing entrepreneurs who have been there and they have done it.
0:18.0	The Exit talks to operators who have bought and sold businesses of all a different size
0:23.1	as you'll learn how they did it, why they did it, and get exposure into the world of
0:27.1	Exits, a world occupied by a small few but accessible to many.
0:32.3	And on this episode I sit down with Kit Kodak, the founder of liquor.com, before we get
0:36.7	into this episode, be sure to watch the full episode with Kellyanne that I previously
0:43.0	published that is a fantastic overview.
0:45.5	So if you have not heard that one yet, definitely check that out wherever you're streaming
0:49.5	this and listen to that before we dive into this ones.
0:52.6	But in this episode, I sit down with Kit Kodak, the founder of liquor.com, they sold it
0:57.9	to .dash, which is owned by IAC a couple of years ago and Kit is an operator.
1:04.5	Everything that he talks about in this episode is inspiring to all young entrepreneurs
1:09.4	out there.
1:10.4	He talks about doing deals that were years long that fell through and just the trials
1:15.7	and tribulations that come with starting a large media business.
1:20.6	And he gives some really great knowledge and I'll get through out this episode.
1:24.5	So I don't want to give any spoilers up front.
1:27.2	But without further ado, let's dive into this in-depth interview with Kit Kodak, the founder
1:32.0	of liquor.com.
1:33.0	All right, everybody, I am here with Kit Kodak, the founder of liquor.com.
1:40.0	How you doing today, Kit?
	...

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