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The Exit - Presented By Flippa

Win, Win, Pivot? A Roller Coaster Journey as a Serial Entrepreneur with David Phillips

The Exit - Presented By Flippa

The Exit - Presented By Flippa

Technology

5.0420 Ratings

🗓️ 26 February 2021

⏱️ 30 minutes

🧾️ Download transcript

Summary

David Phillips successfully exited a business that had raised $120m in capital. Then he successfully exited a bootstrapped business for $18m. And then, he actually failed, forcing a pivot into his third and current business - Fondo, a company that aids startups in bookkeeping and taxes. After this roller coaster ride, and as an angel investor in 25+ startups, David knows what it means to start, scale, and sell a company. -- 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 flippa. This is a 30 minute podcast featuring amazing entrepreneurs who have been there and they have done it.

0:18.0

The exit talks to operators who have bought and sold businesses of all different sizes, shapes and industries.

0:26.0

So you learn how they did it, you learn why they did it and get exposure to the world of exits, the world occupied by a small few but accessible to many.

0:35.0

And on this special episode I sit down with my good friend David Phillips.

0:40.0

We go way back he actually was one of the first investors in one of my startups in 2014.

0:46.0

I believe overall fantastic guy and true entrepreneur born and bred for growing businesses and scaling them.

0:55.0

And we sit down and we talk about his past of starting this first female focused boot camp in San Francisco.

1:04.0

And it was a top tier boot camp and he exited that to Capella that was a fantastic story.

1:11.0

And I'm definitely really eager to have everybody listen through to what he's working on now, which is called Fondo.

1:17.0

And it's a fantastic story overall of how he's gotten to this stage.

1:22.0

So without further ado, sit down and relax and listen to the interview here with David Phillips.

1:28.0

All right guys, I am here with my good friend David Phillips, the CEO and founder of Fondo. How's it going David?

1:36.0

Good Steve, great to be here with you. Thanks for having me.

1:40.0

For sure, for sure. So David and I go way back. He was actually the first investor that we had for my previous startup.

1:50.0

And he has been doing a lot of really exciting things over the past few years.

1:55.0

And this is like our first time to actually catch up, which is exciting that we're able to do this with such a great audience.

2:01.0

So David, let's get the origin story first. So everybody knows your background and what led you to initially start hack bright back in the day.

2:12.0

Yeah, so we started hack bright back in 2012, the beginning of like the boot camp era.

2:20.0

And, you know, before that, I had been a, you know, sort of non technical co founder, been, you know, doing different startups and different projects and always wanted to learn how to code.

2:34.0

And so, you know, my co founder,

2:39.0

where it was like teaching me how to code. I was learning like front end development, starting to help contribute.

2:45.0

We started doing some consulting because we ran out of, you know, good ideas. And we needed to make some money.

...

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