Get it in Writing with Lea Ellermeier

The Exit - Presented By Flippa

Technology

5.0 • 420 Ratings

🗓️ 3 January 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we are talking with Lea Ellermeier, an entrepreneur who has started multiple businesses and has had an impressive exit with 3M. She also is the author of Finding The Exit: It’s Not Where You Start, It’s Where You Finish. Her next endeavor is to host a podcast called Don’t Freak Out Today. She’s passionate about helping other entrepreneurs, as she has 20+ years of experience. Useful Creations Lea says her dad was an entrepreneur in real estate, and so she grew up seeing him run his own business and manage his own hours. Being from a small town in Nebraska, Lea always wanted to experience international business. So, her first jobs out of graduate school were in technology. She loved the world of being able to create something new, to build it, and to see it be useful. In 1999 Lea was working for a tech company that got acquired, and that’s when she made the switch to the medical device industry. There she met a guy that would go on to become her co-founder at her first company. Together they went on to start Lingual Care, which specialized in custom braces on the back of teeth. It was the first company that Lea took from creation all the way to exit. Current Projects Lea is still in medical technology and is working on a podcast called Don’t Freak Out Today, which is about the early stages of managing your chaos as an entrepreneur. She’s passionate about helping other entrepreneurs with the 20 years of knowledge she has gained. -- 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. This is a 30 minute podcast featuring
0:14.8	amazing entrepreneurs who have been there and they have done it. The exit talks to operators
0:18.3	who have bought and sold businesses of all different sizes. You learn how they did it,
0:22.1	why they did it, and get exposure to the world of exits. It's a world occupied by a small few,
0:26.8	but accessible to many. Now in this episode, I sit down with Lee Ellermire. She's the CEO
0:32.9	of 2C MedTech and she's working on a really exciting new podcast called Don't Freak Out today.
0:39.9	Should we sit down and talk through her exit to 3M and we go through a lot of the details of how
0:47.6	this process happened all the way through to her going to a trade show with all the potential
0:53.0	acquiring companies with her banker and talking to them, going through the process with them
0:58.9	and getting bids throughout a summer. It was a really exciting conversation because Lee walks us
1:04.9	through all the different learnings that she's had over the last few years in entrepreneurship,
1:11.2	and also she's working on this really cool podcast as well as a book currently to help women
1:18.0	in entrepreneurship and getting them really excited about getting businesses started.
1:23.2	So without further ado, let's jump right into my interview here on the exit with Lee Ellermire,
1:28.3	the CEO at 2C MedTech. All right everyone, today I am joined with Lee Ellermire and she is the CEO
1:36.3	of 2C MedTech as well as the new podcasts Don't Freak Out today. How's it going today, Lee?
1:44.4	It's great. I'm very happy to be here. Yeah, excited to have you, excited to have you. We're
1:48.8	just chatting a little bit offline about women in entrepreneurship and how exciting of a time it is.
1:57.1	Before we get into your exit and your experience, let's talk about your background. What really got
2:04.0	you into business in entrepreneurship? Sure. So I came by it honestly. My dad was an entrepreneur
2:11.7	in real estate back in the 1970s and 80s, and I grew up seeing him running his own business,
2:19.1	managing his own time. He did not have a great exit. That's probably a story for a different day,
	...

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