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Back in 2013, Dave Ripley became fascinated with Bitcoin. The cryptocurrency market was gaining notoriety and Ripley and a friend decided to start Glidera, a company focused on creating tools to help developers integrate cryptocurrency.
Ripley and his partner applied for and won a spot in Techstars, an accelerator that takes between 6% and 8% equity in the businesses they accept in return for access to an intensive start-up curriculum and a network of advisors.
They sold another chunk of the company to a group of Techstars advisors and finally sold the whole business to Kraken, one of the world’s largest bitcoin exchanges. In this episode, you’ll learn:
Ripley was able to sell his business just three years after starting it because he knew from the start who the likely acquirers for Glidera would be. Do you know the natural buyers for your business? If not, we’ll develop a list together in Module 11 of The Value Builder System™—complete Module 1 here.