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The Exit - Presented By Flippa

Preparing For an Exit Properly with Nick Telson

The Exit - Presented By Flippa

The Exit - Presented By Flippa

Technology

5.0420 Ratings

🗓️ 27 June 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

This week our host Steve McGarry sits down with Nick Telson to talk about his entrepreneurial journey. They touch on some of his current projects like Trumpet and Horseplay Venture, but the conversation focuses on his exit from one of his previous companies, DesignMyNight. They discuss the details on how he was able to step back and prepare for the exit, and the more traditional path they took in order to set up the sale. Nick Telson is a London-based entrepreneur, angel investor, podcaster, startup mentor and public speaker, whose speciality lies in talking no-nonsense founder/investor advice and help. Nick is currently the Co-Founder of Trumpet, and Co-Founder and Angel Investor in Horseplay Ventures. 

 

 - Website - https://www.sendtrumpet.com/ 
- Website - https://linktr.ee/Nick.telson
 - Website - https://www.designmynight.com/ 
- LinkedIn - https://www.linkedin.com/in/nicktelson/

 The Exit Meetups - https://flippa.com/the-exit-meetups/ -- 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

Click on a timestamp to play from that location

0:00.0

Hello, and welcome to the exit presented by Flipup, the world's largest marketplace to buy and sell online businesses and startups.

0:06.3

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

0:10.6

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.

0:18.8

It's a world occupied by a small few, but accessible to many.

0:23.9

Now, in this special episode, I sit down with Nick Telsen.

0:26.7

He's currently the co-founder of a startup called Trumpet, and he's also working on horse play ventures as an angel investor.

0:35.2

In this interview, we go through his exit of design my night and all the ups and downs until they're exit by the access group.

0:44.0

There's a lot of really interesting details about what they were tracking, how they grew their business, and ultimately,

0:51.1

you know, the trials and tribulations of going through an exit.

0:53.8

And afterwards, going through to be a mentor, advisor, and all sorts of really interesting details leading to his podcast called Pitch Deck.

1:03.3

And without further ado, let's sit down and chat with Nick Telsen.

1:07.4

All right, everybody. Today, I am joined with Nick Telsen. He's currently the co-founder of horse play ventures.

1:26.6

Also, the co-founder of Trumpet. How are you doing today, Nick?

1:30.2

Yeah, very good. Thanks for having me, Steve.

1:32.8

Yeah, excited to dig in here. Before we get into your success with design my night, let's talk about what got you into business and entrepreneurship in the first place.

1:43.5

Yeah, for sure. I think the first point was my family, so my dad who wouldn't call himself an entrepreneur, but hey, a businessman.

1:52.1

He left school at 60, and he was sweeping the floors of a factory where they made clothes, and he worked his way up and then set up his own business,

2:06.0

designing a manufacturing clothes for the high street. So I was always around that as a kid.

2:11.8

You know, he used to see him get up super early, go to the office, go and visit him in the office as well.

2:17.2

So I think that was normal for me, rather than having a dad or a mom in like a corporate job.

2:24.0

So I think that started for me, and then before I set up design my night, I was actually at a corporate, so I went to Lory out of a big beauty brand,

2:34.0

and I was there for about four or five years, worked my way up to marketing manager of a brand in the UK, and then actually I looked what my next step would have been,

...

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