Alex Bean on Why He Was Miserable After Selling Divvy for $2.5B | Built to Sell Radio

Read Show Notes

Alex Bean sold his company, Divvy, for $2.5 billion. But after reaching this monumental milestone, why didn’t the sale bring him the happiness he expected? In this episode, Alex shares his journey and the lessons he learned about life after a business exit.

In this episode, you discover how to:

• Evaluate if your business should raise capital or grow organically.

• Talk to your kids about money (without undermining their motivation).

• Avoid the happiness trap and find purpose after selling your business.

• Steer clear of the “disease of more” when making financial decisions post-sale.

• Preserve and improve relationships with family and investors after a big liquidity event.

Show Notes & Links

Official Press Release

Alex Book

 

Definitions

 

Due-Diligence: This is a comprehensive appraisal of a business or investment undertaken before a merger, acquisition, or investment. It seeks to validate the information provided and uncover any potential risks or liabilities.

Earn-out: This is a financing arrangement for the purchase of a business, where the seller must meet certain performance goals before receiving the full purchase price. It reduces the buyer’s risk and aligns the interests of both parties post-acquisition.

About Our Guest

Alex Bean

Alex Bean is the co-founder of Divvy, a leading finance and spend management platform designed to streamline expense tracking, budgeting, and financial operations for businesses of all sizes. Under his leadership, Divvy has revolutionized how companies manage their spending, offering a seamless combination of corporate cards, real-time expense tracking, and budget oversight in one easy-to-use platform. Known for his entrepreneurial spirit and vision, Alex has been at the forefront of fintech innovation, helping businesses gain better control over their finances. Before founding Divvy, Alex held key roles in business development and strategy, shaping his approach to solving critical challenges faced by modern businesses.