Smash Notes

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

Why Sell a Startup Instead of Continuing to Grow It

Selling "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 individual employee forward.

In the best acquisition, 1+1=3, meaning that both the acquirer and the company being acquired benefit from being with each other.

For example, a startup might gain immediate access to global scale, while an incumbent gains a leg up in technology.

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. What Is the Status of Manufactured Homes Communities in AmericaThere are about 44,000 of these communities in America.
  3. How Do You Connect Supply and Demand in a Marketplace BusinessIn the case of Purchasing Platform, the demand for goods from the manufactured home community was already there.
  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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