How to Turn Your Passion into a Successful Exit with Lee Blaylock

The Exit - Presented By Flippa

Technology

5.0 • 420 Ratings

🗓️ 13 March 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on The Exit: Lee Blaylock is a third generation entrepreneur: both his grandfather and father were real estate entrepreneurs, so Lee was bound to become one. He just needed to find a compelling idea at the right time. When his father sadly passed away, Lee found himself focusing on his studies, and he discovered his love for software and tech. This led him to work for Dell for a very long time, before he finally got recruited to work on his true passion — software — at Oracle. Two years later, Lee quit Oracle to start his first business, ServiceLane, a directory for home-oriented service providers. Lee went on to exit ServiceLane after it was funded by some of the biggest names in the industry, and he exited numerous other businesses. With this many exits under his belt, Lee has some great advice and tips for whoever wants to turn a passion into business. Tune in and grab pen and paper! Lee Blaylock is the founder or co-founder of ConstructionBevy, NiceLeads, Find A Game, Annandale Capital, and ServiceLane. The first company he started, ServiceLane, was funded by Austin Ventures, Fremont Ventures, and Silicon Valley Bank, and was sold to Owens Corning. ConstructionBevy is a FinTech-enabled marketplace for the commercial construction industry, where they aim to help general contractors find the right trade partners for their work. LinkedIn: https://www.linkedin.com/in/leeblaylock/ His current company: https://www.linkedin.com/company/constructionbevy/ 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 flipa.com, the number one platform to buy and sell online businesses.
0:06.6	Flipa manages over a billion in deal value annually and combines expert buy and sell side advisory
0:13.6	with its market leading valuation tool, deal room, off-market offering, market insights,
0:19.2	and AI-based deal-by-deal matching engine. Now for the exit. The exit is a 30-minute podcast
0:25.8	featuring amazing entrepreneurs who have been there and they have done it. The exit talks to
0:30.4	operators who have bought and sold businesses of all different sizes. You'll learn how they did
0:35.1	it, why they did it, and get exposure to the world of exits. It's a world occupied by a small few,
0:40.9	but accessible to many. Now, on this episode, I sit down with Lee Blavlock. He's an awesome
0:48.6	entrepreneur and currently co-founder and CEO of Construction Bevy. It's really pioneering this
0:54.2	awesome marketplace for the commercial construction industry. But in his exit, we walk through
1:00.8	just the trials and tribulations of starting up a company that was really focused on almost
1:07.7	like an early version of Thumbtack. This is called Service Lane and it really helped get the home
1:14.3	oriented service providers and all of these people together on a marketplace where you could go
1:20.2	and hire people to help in these different capacities. It was a really great story. They ended up
1:27.1	exiting that business and they had clients like Lowe's working with them and he has such a great
1:35.2	story about how this got started. A lot of really great anecdotes throughout this whole conversation
1:42.0	about what it means to be an entrepreneur, how to really persevere, and really just how to not
1:49.2	stop, like just keep going. He talks about some of the things that he's done over his course of
1:55.3	his career going from Oracle into this business and really just being a really just ground up
2:03.0	entrepreneur who has helped all of these incredible people get into the space that he's currently in,
2:09.2	which is the commercial construction industry. Without further ado, let's jump into my conversation
2:16.7	here on the exit with Lee on his exit of a really awesome marketplace back in 2005 and multiple
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