Sold to Facebook | Ben Lewis
Todd is joined by Ben Lewis, a special guest and great friend. Ben has had two substantial exits, including one to Facebook just hours before they went public in 2012.
E1: Ben Lewis has had two significant exits that we cover in Episode 1 of Cashing Out.
The first was Tapjoy, an extremely successful mobile ads platform doing more than $100M in revenue, which Ben sold to Offerpal in 2010. There was a big internal debate of whether Ben and his co-founder should sell the business when they did, and what ultimately happened with the business.
The first was Tapjoy, an extremely successful mobile ads platform doing more than $100M in revenue, which Ben sold to Offerpal in 2010. There was a big internal debate of whether Ben and his co-founder should sell the business when they did, and what ultimately happened with the business.
Ben's next business was called Karma Science which was a social commerce app focused on helping people give meaningful gifts from their mobile phones. Karma was acquired by Facebook just hours before Facebook went public in 2012 - there are a ton of learning that came out of that experience, and there are a few great Mark Zuckerberg stories, as well.
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This episode is brought to you by Exitwise: https://www.exitwise.com
Exitwise helps business owners create the exits they deserve by assembling the best teams of industry specific, M&A experts, who will help maximize the sale of each business.
How Does It Work:
1. Schedule A Call: Schedule a call with one of our M&A Advisors and we'll walk you through the entire process of selling your business, from market valuations to M&A expert fees and from due diligence to the signing of your purchase agreement. We're here to answer any questions you may have.
On this call, we'll want to learn about the history of the business, your financial performance, your management team and listen to your thoughts and requirements for selling the business so we can make sure to find the best M&A experts to help maximize your exit.
2. Review Top Experts: Once we've had a chance to process all your business information, we'll share with you, our top choices for investment bankers, M&A attorneys, and tax accountants to help maximize the sale of your business.
2. Review Top Experts: Once we've had a chance to process all your business information, we'll share with you, our top choices for investment bankers, M&A attorneys, and tax accountants to help maximize the sale of your business.
We’ll present each M&A expert’s transaction history, estimated valuation range for your business and their fee structures. Then we’ll talk through the pros and cons of each choice to help you prioritize and make the best decisions.
3. Negotiate & Hire: Finally, when we've narrowed it down to your top choices, we'll negotiate your engagement letter with each M&A expert to make sure fees and terms are fair for everyone. We know what to look for and we know how to keep everyone incentivized for your optimal outcome.
Once your M&A experts have been selected and you’re ready to move forward, we’ll collect signatures and get everyone to work.
