Raising $2M, Being Acquired by Kajabi & Knowing When to Scale or Sell with Teri Yu
Powerhouse Women
Lindsey Schwartz
4.9 • 912 Ratings
🗓️ 28 December 2023
⏱️ 39 minutes
🧾️ Download transcript
Summary
What does it take to create, scale and sell a tech company? Teri Yu, Founder of Vibely, is here and gets real about what the journey really looks like scaling a profitable company, how she raised $2 million from investors like the founders of YouTube and Meetup.com, and when she knew it was time to go the route of selling her business vs continuing to scale to the next level. Teri ended up selling her business to Kajabi, which is the platform that we run our entire business on. This was such a cool conversation from someone who has been there in the trenches of entrepreneurship and I know you will gain so many takeaways from how to build grit as an entrepreneur, how we need to balance the needs of our businesses as Founders, and how to determine whether scaling or selling will be the best outcome for you.
HIGHLIGHTS
02:15 What advice would you give yourself when you were just getting started?
04:00 Was it always the goal to sell your company?
06:45 Advice for when you face challenges and have to pivot in business.
11:45 How to keep going when you want to quit.
16:00 How do you know if you're meant to keep scaling or sell your business?
25:30 The pros and cons of being acquired.
29:45 What is your role now with Kajabi since they acquired your company, Vibely?
31:15 What is Kajabi Communities and how does it support Founders?
36:00 Teri's recent powerhouse moment as a speaker.
RESOURCES + LINKS
Check out Kajabi and Kajabi Communities mentioned in this episode!
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FOLLOW
Teri Yu: @teriyakichicken
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Lindsey: @llindseyschwartz
Hannah: @hannahmwells
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Join the PW Community Facebook Group: facebook.com/groups/powerhousewomencommunity
Transcript
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| 0:00.0 | Today I'm joined by Terry You and I'm so excited to share this conversation with you because |
| 0:06.2 | she gets very real about the journey to raising over $2 million in funding, scaling her |
| 0:14.2 | company, viably, which is all about building community. I'm so excited to share more of that |
| 0:19.3 | with you. And then eventually selling the company to Kajabi, which is an online business platform. It's actually the platform |
| 0:25.8 | that we run our entire business on and we'll link more details about Kajabi in the show notes |
| 0:32.9 | for you. But this was such a cool conversation from someone who has been there, who has been in the |
| 0:40.3 | trenches, scaling a company, and what honestly made her choose to go the route of selling |
| 0:49.1 | versus digging in, scaling her company to the next level, and really committing to this |
| 0:55.9 | entrepreneurial ride. It's not very often that we get to hear from someone who went from |
| 1:02.3 | entrepreneur to being in the corporate world again, being acquired by a big company, taking a |
| 1:08.7 | role in that company. And I just thought her perspective was so fresh and so honest. |
| 1:13.6 | She especially got honest about some of the challenges and how she navigated them and how |
| 1:21.6 | failure has played a big, big role in her success. |
| 1:26.6 | This was such a good one and I'm so excited to share it |
| 1:29.9 | with you. Welcome to Powerhouse Women, the podcast for women who know they are ready for |
| 1:38.5 | more. I'm Lindsay Schwartz, your host and the founder of Powerhouse Women, and together we'll unlock the confidence |
| 1:45.7 | and clarity you are looking for to help you get out of your own way and into action around your |
| 1:52.7 | next big idea. Terry, welcome to Powerhouse Women. I'm so excited to have you here. Thank you, Lindsay. I'm so excited |
| 2:04.1 | as well, and it's going to be awesome to meet another female founder in the space. Yes, I was |
| 2:09.0 | telling you how I have had so much fun digging into your story. And you've had this amazing journey thus |
| 2:16.5 | far. You're just getting started. But you've done |
| 2:19.8 | something that a lot of female founders aspire to do, which is scale a company and sell it. |
... |
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