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The Exit - Presented By Flippa

Pioneering Industry Transformation with Sergio Ribeiro

The Exit - Presented By Flippa

The Exit - Presented By Flippa

Technology

5 • 2K Ratings

🗓️ 18 September 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

This week on The Exit: Sergio Ribeiro, founder and CEO of Radiolife, has always thrived on embracing challenges. Armed with a computer science background, he embarked on an entrepreneurial journey after completing his education. His first business took shape in the telecom industry, driven by his realization of the stifling monopolization in the Brazilian telecom sector. Sergio’s perception of the internet’s potential led him to seize the opportunity to introduce a groundbreaking product that significantly slashed call costs by half. As the years rolled on, the company came across an incredible acquisition offer. Sergio and his team weren’t really prepared for an exit, but found it too compelling to decline… Listen to find out the intriguing story of this exit, gain invaluable exit preparation insights from Sergio himself, and explore how he is currently pioneering disruption in the diagnostic industry. Sergio Ribeiro brings a proven track record of success, marked by a successful exit in the Telecom sector. With a strong foundation in computer science and the distinction of holding two MBA degrees, Sergio possesses over 18 years of valuable experience in steering startups towards growth and innovation. As the Founder and CEO of Radiolife, he is on a mission to reshape the future of diagnostics, leveraging his diverse expertise to drive impactful change in the healthcare landscape. LinkedIn: https://www.linkedin.com/in/sergiosaribeiro/ X (Twitter) @Radiolifelabs: https://twitter.com/radiolifelabs Website: https://www.radiolifelabs.com/ Flippa’s First Access: https://flippa.com/exit 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, the number one platform to buy and sell online businesses.

0:06.0

Flipup manages over a billion in deal value annually and combines expert buy and sell side advisory with its market leading valuation tool,

0:14.0

deal room, off market offering, market insights and AI based deal by deal matching engine. Now for the exit.

0:22.0

The exit is a 30 minute podcast featuring awesome entrepreneurs who have been there and they have done it.

0:27.0

The exit talks to operators who have bought and sold businesses of all different sizes. You learn how they did it, why they did it, and get exposure to the world of exits.

0:36.0

It's a world occupied by a small few but accessible to many on this episode. I sit down with Sergio Robero, who's a fantastic entrepreneur from Brazil, who's currently trying to change the world of diagnostics.

0:50.0

And what he's doing after his exit of a telecom company is really, really innovative and cool. And I save it for later in the episode where we talk about how all of these different diagnosis processes that exist nowadays are just fragmented and not easy to use.

1:09.0

There's great examples of, you know, during COVID, we had to pay $300 at the Houston airport to take a COVID test that took three hours to process and just the technology that he's building is really fun and interesting and cool.

1:24.0

So we talked about that later on the interview. So definitely stick around for that. And his telecom company exit is really cool.

1:32.0

And just the idea that he was in right before the disruption of Skype and some of these big internet voice over IP companies was really fun to talk through, especially like with WhatsApp.

1:44.0

And the disruption that happened after his company accident is quite substantial and he says he was ready. He had a team of 20. He was ready for the disruption, but going the exit route was the right path.

1:57.0

We talked about some of the things that happened after the acquisition that were quite interesting around the team sticking around for a little while, the acquire closing a huge deal with a news network.

2:07.0

And there's just a lot of great intel here for people that are starting companies and want to understand what it means and the importance around being prepared from the start.

2:18.0

And he didn't have an exit in mind when they had started their telecom company and he really just talks about how he wanted that for the future.

2:28.0

He wanted to think through an exit from the beginning and being prepared initially was the most powerful path for him. So without further ado, let's sit down here on the exit and talk with Sergio Rivera.

2:44.0

All right, I'm here with Sergio Rivera and he is currently the founder and CEO of Radio Life. How's it going Sergio?

3:05.0

Being great Steve is I'm happy to be here. Thank you for inviting me.

3:10.0

Yeah, we were just chatting a little bit about Northern California before we started recording a very special place.

3:16.0

And I'd love to kind of kick it off with your background. What got you into business and entrepreneurship?

3:24.0

Well, I always loved challenges since I was a kid. My background is in computer science. I graduated in Brazil in 2004.

3:36.0

And since then I decided to, you know, build my own businesses. I started with a telecom company.

3:45.0

And that's the one that I accident that we're going to talk a little bit about.

...

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