Value in Technology with Chris Boudreau

The Exit - Presented By Flippa

Technology

5.0 • 420 Ratings

🗓️ 17 January 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today on The Exit, presented by Flippa, we are talking with Chris Boudreau, CEO of a start-up tech Ripe Metrics, a cannabis customer experience management platform. Chris has completed exits in several areas of the cannabis industry, including delivery, logistics, and distribution. He’s a seasoned operator that will talk to us about everything from cannabis as an emerging market to the difficulties of operating in the cannabis space. Spotting An Emerging Market Coming out of school with a business degree, Chris got into the banking world. He says that’s where he learned a lot about business, and he ended up at a high level. That’s when the bank collapsed during the 2008 financial crisis. Chris was only 34 and thought this might be the perfect time to start his own business. Despite not knowing the first thing about cannabis, Chris had a feeling the cannabis industry was going to really open up. He says if you get in early on an emerging market, there’s plenty of opportunity. So, he took a chance and jumped in. Knowing What You Know Now, What Would You Tell Yourself 10 Years Ago? Chris says the biggest mistake he’s made in the industry has to do with partnerships. He says you have to be very careful because as soon as you bring someone on it’s hard to get rid of them if they don’t work out, both emotionally and legally. So, Chris would tell himself to be way more diligent and careful with whom he chooses to partner with. He warns that it's especially hard when you’re first starting a company, and you’re eager to get people on board. Chris says he would tell himself that is the time to be especially patient. You can find more information about Chris Boudreau at: IG / Twitter: @subtleboudreau Facebook: www.facebook.com/chris.a.boudreau LinkedIn: https://www.linkedin.com/in/chrisaboudreau/ -- 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 Flip out of this 30 minute podcast featuring
0:16.2	amazing entrepreneurs who have been there and they have done it.
0:19.2	The Exit talks to operators who have bought and sold businesses of all different sizes,
0:22.7	you learn how they did it, why they did it, and get exposure to the world of exits.
0:26.8	It's a world occupied by a small few but accessible to many.
0:30.6	Now in this episode I sit down with Chris Bordeaux and he's a fantastic entrepreneur in
0:35.5	the cannabis space.
0:37.2	He talks us through all of his multiple exits.
0:40.8	He's exited businesses in the cannabis delivery service, logistics service, distribution,
0:46.4	all different aspects of the cannabis space and he is a really in depth entrepreneur that's
0:53.4	gone in and out of the cannabis space for many many years.
0:56.7	A seasoned operator, we could call him in the cannabis industry and he talks about all
1:01.4	of the kind of difficulties of operating in the cannabis space and now over the past
1:07.7	couple of years there's all these different pieces of technology that have come out where
1:13.0	people used to extract the different pieces of cannabis using fruit machines and now they're
1:19.6	able to actually use custom machines that have been built to extract THC and whatnot from
1:26.2	the cannabis plants and I think it's such an exciting and emerging market that's sitting
1:30.9	down with somebody like Chris who has exited multiple ventures and really been in the space
1:36.0	for such a long time.
1:37.7	He is leading this company called Wright Metrics.
1:41.2	It's a really cool tech startup and he's currently the CEO there.
1:44.2	So without further ado, let's jump right into my interview here with the seasoned cannabis
	...

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