liquidity event

0:00:51 raising $50,000,000 for start up company. Charge lab story
0:08:50 misconception about distribution of raised money
0:12:17 lifestyle of CEO
0:15:00 challenge of accelerating company growth at the early stages of development 
0:19:30 hiring executive assistant 
0:23:55 hiring business coach 
0:29:00 equity split after raising money. Liquidity event
0:36:40 why investors gave you $100,000 after just seeing PowerPoint slide 
0:40:00 prediction of Electric vehicle numbers 
0:45:27 prediction home charging stations
0:51:05 statistics of Tesla car catching fire 
0:56:00 what does it look like to be a CEO of company raising money 
1:00:45 Y- combinator
1:02:35 Singularity University and exponential growth 
1:05:08 Peter Diamandis
1:06:22 University sponsorship by Deloitte 
1:08:00 Money Philosophy of start ups vs corporate life
1:18:44 schedule of CEO

"The Waking" book by Michael Davidson:
- Amazon USA: https://a.co/d/9lfwMUZ
- Amazon Canada: https://a.co/d/fBmrmnt

Contact Michael Davidson: 
michael-davidson.com

This week, we're talking to arguably the most jovial soul to ever come out of the Steel City -- Kenny Gould!
Kenny has a wild story, laced with  the entrepreneurial themes we absolutely love. He got his start as a writer for Gear Patrol, all while nursing a growing love for beer on the side. He decided to take the next logical step and open a free online digital publication called Hop Culture, which itself quickly morphed into largely a niche craft beer festival organizer...obviously. Kenny then sold this company to the parent company of Untappd, Next Glass (which also owns Beer Advocate), of which he is now creative director. Obviously.
We get more into the nitty gritty of business than is the norm, and it was an absolute blast. Listen to our conversation with this galaxy diamond of a man, available everyone now! 
......... ................... ......................... Music: "Mountain Climb" by Jake Hill  

Michael Roub, founder and managing partner at Inflection 360, talks about how he helps companies find greater business opportunities through liquidity events. He is a seasoned strategic consultant for healthcare practices, orgs, and companies. Michael guides his clients through the most critical points of their business life cycle, particularly when looking for potential liquidity events to exit or get funding for their business. He specializes in helping his clients successfully outcompete in their markets, grow, and exit at significant valuations.

If you have a healthcare practice or company and are looking to do a #Liquidity event but need the help of an expert at an affordable rate, consider reaching out to Michael Roub by visiting his website at https://inflection360.com or http://aha.pub/MichaelRoub.

Mitchell Levy is the Global Credibility Expert at AHAthat, the first AHA leadership (Thought Leadership) platform on the market for thought leaders, experts and companies to unleash their genius to the world. His passion is helping entrepreneurs, business owners, and C-Suite Executives get known as thought leaders & become best-selling authors with the AHA platform. He is an accomplished entrepreneur who has created 20 businesses in Silicon Valley including four publishing companies that have published over 800 books. Mitchell is an international best selling author with 60 business books, has provided strategic consulting to over 100 companies, has advised over 500 CEOs on critical business issues, and has been chairman of the board of a NASDAQ-listed company.

Visit https://www.credibilitynation.com to learn more about the Credibility Nation community.

Visit https://www.ahathat.com/author to learn how you can become an Amazon best-selling author in 4 months.

Last episode, we went on a hypothetical startup journey from idea to exit. In this episode, we go on a real one.

In June of 2020, MFS Africa announced the acquisition of Beyonic. Together, the combined company of 95 employees now enables mobile money interoperability between markets and mobile network operators, and offers a suite of tools for SMEs, in 30-plus African markets. We go inside the acquisition - how it came together, why it makes sense, and what it means -  both for the two companies and their stakeholders and for the ecosystem as a whole. 

2:27 - Introducing some of the main players in the deal - Dare Okoudjou, the Founder & CEO of MFS Africa, Luke Kyohere, Founder of Beyonic, Carina Rumberger, CEO of Beyonic and Rachel Balsham, Deputy CEO of MFS Africa.
3:43 - We go back to 2009, when Dare left MTN to start MFS Africa. What was it like running the business in those early days building the foundation and infrastructure for mobile money usage across the continent? 
7:55 - Luke takes us back to the beginning of Beyonic, where he saw an opportunity to build out tools for SMEs using mobile money.
11:22 - In 2018, after a sizeable fundraise, MFS Africa set out to scale. Two of their strategies included a) exploring tools for SMEs, and b) making minority investments in other complementary fintech startups across the continent. As these two strategies converged, Dare and Luke re-connected to talk fundraise. 
16:11 - The discussions minority investment quickly became a majority investment and then a full acquisition. Dare, Rachel, Luke and Carina recount their respective thoughts on strategy, and how and why a full acquisition became the deal they pursued together. 
19:39 - We get into the weeds a bit on tactics - what was the sell-in process like to each respective company's employees, shareholders and customers? 
26:09 - On integration - of the teams and of the products. 
30:07 - What does this deal - fintech consolidation, an African fintech acquiring another African fintech - mean not only for the newly combined company but for the African tech ecosystem as a whole? 

Last episode, we went on a hypothetical startup journey from idea to exit. In this episode, we go on a real one.

In June of 2020, MFS Africa announced the acquisition of Beyonic. Together, the combined company of 95 employees now enables mobile money interoperability between markets and mobile network operators, and offers a suite of tools for SMEs, in 30-plus African markets. We go inside the acquisition - how it came together, why it makes sense, and what it means -  both for the two companies and their stakeholders and for the ecosystem as a whole. 

2:27 - Introducing some of the main players in the deal - Dare Okoudjou, the Founder & CEO of MFS Africa, Luke Kyohere, Founder of Beyonic, Carina Rumberger, CEO of Beyonic and Rachel Balsham, Deputy CEO of MFS Africa.
3:43 - We go back to 2009, when Dare left MTN to start MFS Africa. What was it like running the business in those early days building the foundation and infrastructure for mobile money usage across the continent? 
7:55 - Luke takes us back to the beginning of Beyonic, where he saw an opportunity to build out tools for SMEs using mobile money.
11:22 - In 2018, after a sizeable fundraise, MFS Africa set out to scale. Two of their strategies included a) exploring tools for SMEs, and b) making minority investments in other complementary fintech startups across the continent. As these two strategies converged, Dare and Luke re-connected to talk fundraise. 
16:11 - The discussions minority investment quickly became a majority investment and then a full acquisition. Dare, Rachel, Luke and Carina recount their respective thoughts on strategy, and how and why a full acquisition became the deal they pursued together. 
19:39 - We get into the weeds a bit on tactics - what was the sell-in process like to each respective company's employees, shareholders and customers? 
26:09 - On integration - of the teams and of the products. 
30:07 - What does this deal - fintech consolidation, an African fintech acquiring another African fintech - mean not only for the newly combined company but for the African tech ecosystem as a whole? 

Aimed at business owners who may be contemplating a liquidity event, Paul Staples, Managing Director, Corporate Finance at Sandaire discusses whether it is a sensible time to sell a business in the current political and economic climate.