About this episode
In eight years Ryan Born built Audio Micro into an Inc. 500 company. Born went on to sell it for more than $20 million in 2014 – a deal that only happened because he put an expiry date on the “no shop” clause on his Letter of Intent.
One of the reasons Born was paid handsomely for his start up was the positive cash flow model he had created. Instead of buying media rights and reselling them, he sold the rights first and then paid the content owner 30 to 120 days later. This “float” allowed him to keep more equity for his eventual exit. Cash flow is our focus in Module 10 of The Value Builder Engagement. Get started by getting your Value Builder Score™ now.