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The Founder of Vimeo, CollegeHumor.com, BustedTees, and TeePublic on Building Valuable Companies

Built to Sell Radio is a weekly podcast for business owners. Each week, we ask a recently cashed out entrepreneur why they decided to sell, what they did right and what mistakes they made through the process of exiting their business. Built to Sell Radio is the ultimate insider's guide to approaching the most important financial transaction of your life. 

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May 18, 92 minutes.

Josh Abramson has an impressive track record of building valuable companies. In 1999 Abramson started CollegeHumor.com, and before he could even graduate, Abramson received an offer of $9 million for the website. Abramson went on to start the popular video-sharing website Vimeo and apparel company BustedTees.com, selling his collection of companies to Barry Diller’s IAC/InterActiveCorp for a reported $20 million in 2006. 

After a short stint spent reporting to Diller, Abramson left IAC and started TeePublic, an innovative online marketplace that serves as a platform for artists and designers to showc...

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How to Steer a Drifting Culture

BY ROHIT KAR, ALLAN WATKINSON AND BAILEY NELSON 
Gallup Workplace
 
SOURCE: https://www.gallup.com/workplace/397034/steer-drifting-culture.aspx?utm_source=linkedin&utm_medium=p_social&utm_campaign=li-wk_culture-us-legen&utm_content=051923
 

In recent years, definitions of work culture -- "how we do things around here" -- have changed tremendously. Many aspects (e.g., processes, technology, workflows, training) are morphing as leaders adapt to global pressures and new employee expectations.

Some shifts are obvious, such as dramatic changes in where employees work. However, most culture change is subtle, slow and difficult to define. For example, culture change might manifest as:

  • differences in onboarding experiences and how new hires form relationships
  • shifts in team structures and workflows due to external pressures, such as supply chain concerns
  • new communication norms aimed at keeping hybrid employees connected

Culture drift may seem inconsequential. But when

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Inside Nasdaq’s Acquisition of Quandl: Lessons on Timing and Negotiation for Entrepreneurs

In 2011, Tammer Kamel launched Quandl, a company that provided investors with data designed to give them a competitive trading edge. For example, Quandl offered subscriptions that let investors access private jet flight information for public companies as a predictor for M&A activity.  

By 2018, Quandl had grown to 75 employees. Kamel saw industry giants entering the space, but knowing the time and capital investment it would take to build a competitive offering, he believed they would prefer to acquire Quandl. 

Kamel began shopping the business around, and shortly after, Nasdaq acquired Quandl for a life-changing sum. In this episode, you’ll learn how to:  

  • Weigh the pros and cons of raising venture capital.  
  • Compete with a giant with a stranglehold on your industry.  
  • Negotiate the sale of your business with a direct competitor (without giving away your secrets).  
  • Pinpoint the ideal time to sell your company.  
  • Avoid sabotaging your relationship with an acquirer.  
  • ...
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How to Make Your Email List Worth 7-Figures

smallbusiness Jul 07, 2022

In 2007, Laura Roeder started selling online courses on how to market through social media. Her courses gained popularity, resulting in Roeder growing an email list of around 70,000 people. Inspired to further serve her customers, she decided to create a social media scheduling software.  

In 2014, MeetEdgar was born. It was one of the first social media planning tools that allowed you to schedule your social media content. Piggy backing off the list she had built from her online course business, the company hit $1 million in recurring revenue in only 11 months.  

But the early success began to slow, and the business hit a plateau.   

Growing tired of the day-to-day and uninspired to grow her business, Roeder decided it was time to sell. She sent out a cold email advertising her company to twenty potential acquirers. Her outreach garnered a lot of attention, ultimately resulting in MeetEdgar being acquired by Sureswift Capital in 2021 for a seven-figure sum. In this episode, you’ll ...

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Mindfulness

#wednesdaywords Jun 22, 2022
 

MINDFULNESS: Take a couple minutes to listen to learn a few ways to relax and destress. 

Mindfulness – Meditation – Breath Awareness
The exercise of continually returning to your breath is mindfulness.
OWN YOUR THOUGHTS. I'm not my past. I'm not my emotions.
INTRUSIVE THOUGHTS. When intrusive thoughts arise, learn to notice them, accept them and let them go.
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Customer Service

#wednesdaywords Jun 22, 2022
 
Customer service is so important! Your company can stand out from the rest just by following a few simple guidelines. Take a listen!

 
 
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Cash Flow Statements

#wednesdaywords Jun 22, 2022
 
CASH FLOW STATEMENTS
 
✅ Balance Sheet: Snapshot of financial condition
✅ Income Statement: Historical record of profit and loss
✅ Cashflow: Movement of cash in and out of an organization

 
 
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PLAY AT WORK

#wednesdaywords Jun 22, 2022
 
For a good chuckle, listen to this week’s #WednesdayWords which is all about incorporating play at work! Have some fun at work, he says!!
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Trust Quotient

#wednesdaywords Jun 16, 2022
 

#WednesdayWords 

 Do You Know What TRUST is Based On? Take 3 minutes to find out!

TRUST QUOTIENT

🌈CREDIBILITY: Competence on the subject. Content expert.

🌈RELIABILITY: Dependable and consistent. Provides follow through.

🌈INTIMACY: Emotional closeness. Displays empathy. Approachable.

 

#BigSkyWay #BigSkyWaymt #Trust #Teams #WednesdayWords #Culture #Credibility #Reliability #Intimacy #trustquotient #leadership #management #leader #manager

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