From Broke To A $1B Sale
April 20, 2018 |
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About this episode
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Gorny built his first business- and lost it. He was determined not to let that happen again.
Tomas Gorny and his partner started a website hosting company called IPOWER in 2001 with nothing more than a credit card. Over the next six years, they built the business to $40M in revenue, which is when they merged with Endurance, a competitor.
They ran the merged company, with Gorny as the largest individual shareholder, for four years and then sold the combined entity to a private equity group for $975M in 2011—just 10 years after Gorny started the business.
In this episode, you’ll learn:
- What Gorny did differently when he started his company that led to its success
- How to protect your downside using preferred shares during a merger
- The business rules Gorny lives by based on his experience of losing his first fortune
Gorny’s mission-driven approach to simplifying website hosting set him apart in the industry. Want to set your business apart from your competitors? Module 6 of The Value Builder System™, Monopoly Control, will walk you through discovering your competitive edge. Get started for free right now by completing Module 1.
Tomas Gorny is currently the Co-Founder and CEO of Nextiva. For more information, please visit nextiva.com
Our guest
Tomas Gorny is a serial entrepreneur and CEO who truly embodies the principles of the American Dream. In 1996, after selling his first business, Gorny moved to Los Angeles and became a minority owner of a web hosting business. Two years later it was sold to a publicly-traded company and Gorny invested his earnings into other ventures. Then the dot com bubble burst and wiped out his fortune. Taking a number of lessons from his first rise and fall of entrepreneurship, Gorny founded IPOWER in 2001, which later sold for $1B to Warburg Pincus and Goldman Sachs. Tomas is the CEO and Co-Founder of Nextiva. For more information please visit nextiva.comRelated to this topic
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