Bitcoin – The Investor vs. The Acquirer
November 9, 2017 |
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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:
- The difference between pitching your company to an investor vs. an acquirer
- Why Bitcoin is growing as an alternative to the world’s fiat currencies
- How accelerators like Techstars work
- How not to get taken advantage of in the incestuous world of angels
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.
Our guest
We’re constantly on the prowl for interesting stories from owners who have sold their businesses. We look for owners who have sold a business that was generating $1 million or more in revenue, who are willing to share their story candidly with our community. Forbes ranked Built to Sell Radio one of their top 10 podcasts for entrepreneurs and we have more than 100,000 downloads, so your story will get shared with a great community of like-minded owners. Nominate yourself or someone you know today.
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