4 Big Exits, 1 Smart Entrepreneur
Earlier this year, Steve Murch sold BigOven, a cooking app with over 13 million downloads and more than 4 million members, to Aisle Ahead, Inc., capping off an incredible run of successes:
- Former Chairman of the Board, Escapia, Inc. (http://www.escapia.com), a leader in vacation rental software, sold to vacation rental leader HomeAway (NASDAQ:AWAY) in 2010
- Director, Adventure Central, Inc., sold to AdventureLink in 2008
- Founder, President & CEO of VacationSpot.com, a leading reservation network for villas and vacation condominiums, sold to Expedia in January 2000 for $87 million
Steve is the real deal, and in this episode you’ll learn:
- A surprising workaround for getting a big company to write a fat check
- How Steve knows when to bootstrap instead of raising money
- What liquidation preferences are and why they can be so damaging to founders
- How to identify your strategic buyer