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Mark Stephenson and his partners grew Media Edge Communications, to north of $10MM when they agreed to sell. If Stephenson had a do over, he would change his earn-out structure to avoid leaving money on the table.
Mark Stephenson and his partners grew their conference business, Media Edge Communications, to north of $10 million in annual revenue when they were approached by an acquirer. They agreed to a deal that was just shy of eight times EBITDA—85% of the deal was in cash with 15% in an earn-out. If Stephenson had the deal to do over again, he would change his earn-out structure to avoid leaving money on the table. You’ll learn about Stephenson’s earn-out mistake along with:
Stephenson sold Media Edge and started a new conference business, where one of the first event properties was a conference called Business Transitions Forum. Business Transitions Forum is a conference all about the process of exiting a business which you can learn more about here.
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Mark Stephenson has worked in the conference and tradeshow business for over 25 years. As a proud contributor to the industry, Stephenson has overseen more than a dozen successful brands of conferences, trade and consumer events serving the design, construction, property management and real estate industries in both Canada and the United States. Managing a team of up 20 colleagues, some of the brands that Stephenson produced and managed include Buildex, The Real Estate Forums and Cargo Logistics. Born and raised in North Vancouver, British Columbia, Stephenson was naturally drawn to the spirit of entrepreneurism at a young age. He developed his interest in real estate development and design through a successful publishing career which led to event production.