Smash Notes

Back to Selling a Bootstrapped Startup for $22M, Building a Marketplace, Manufactured Housing - Dave Bowen / CEO of Purchasing Platform, with Dave Bowen.

How Do You Connect Supply and Demand in a Marketplace Business

In the case of Purchasing Platform, the demand for goods from the manufactured home community was already there. Meanwhile, Dave had to educate the supply side on the opportunity.

Sellers, like Home Depot, and Staples, and hundreds more, did not realize they were looking at a $6 billion dollar opportunity.

By removing the friction between buyers and sellers, Purchasing Platform was able to add new business for their suppliers and provide them with new insights into things like pricing, demand and seasonality, while creating a trusted experience for their buyers.

Transcript

Selling a Bootstrapped Startup for $22M, Building a Marketplace, Manufactured Housing - Dave Bowen / CEO of Purchasing Platform ·

Tech in Chicago

More from this episode

  1. Who Is Dave BowenDave is the CEO of Purchasing Platform, which is an online marketplace for real estate developers to buy products for the properties.
  2. Why Sell a Startup Instead of Continuing to Grow ItSelling "early" can enable the founding team to take some future risk off the table, as well as give some money back to the entire team, propelling each…
  3. What Is the Status of Manufactured Homes Communities in AmericaThere are about 44,000 of these communities in America.
  4. Why Would a Profitable Bootstrap Business Still Want to Raise Venture FundingIn Dave's case, his company had gone through some ups and down which required cutting their burn, and restructuring the team.

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