• EP 46: From Bankruptcy to Multi-Million Dollar Exits with Rob Hunter

  • Jun 20 2024
  • Duración: 1 h y 1 m
  • Podcast

EP 46: From Bankruptcy to Multi-Million Dollar Exits with Rob Hunter  Por  arte de portada

EP 46: From Bankruptcy to Multi-Million Dollar Exits with Rob Hunter

  • Resumen

  • In this episode, Rob Hunter, partner at Speaker Ventures and exited founder, shares his entrepreneurial roller coaster journey. From going bankrupt with his ice cream franchise in his 20s to getting into Y Combinator, raising venture capital, and eventually exiting his tech startup HigherMe. Rob provides insights on navigating the highs and lows of entrepreneurship, making tough decisions like when to step away from the CEO role, and evaluating acquisition offers. He opens up about the mindset shifts required to bounce back from failure and contrasts his experiences raising VC for HireMe versus his subsequent startup ResetButton, where he quickly raised $2 million on just an idea and PowerPoint deck. Rob also talks about the acquisition process - valuation expectations, legal due diligence, deal structuring with earn-outs and seller notes, and ultimately deciding when an exit makes sense for founders and investors. Here's what you're in for: 00:00 Intro 02:08 Challenges of scaling a brick-and-mortar business 07:08 Lessons from failures 32:18 Strategic talks and potential acquisition 34:39 Cutting a deal and transitioning the business 39:21 Contrasting fundraising experiences 46:44 Creativity in deal structures 50:04 Realistic expectations and understanding investor preferences 1:00:51 Outro This episode is sponsored by ThunderVC, an investment bank for founders by founders. Raising capital? Get a list of vetted VCs for FREE here: https://web.thunder.vc/list-of-investors-vcs-for-founders Raising debt? Find the perfect lender in minutes here: https://debt.thunder.vc Get the latest fundraising insights, news, and tips - https://join.thunder.vc ABOUT ROB HUNTER Rob Hunter has been an entrepreneur from a young age. By the age of 12, he had an eBay account and was selling Japanese professional wrestling VHS tapes and DVDs to finance his education at the Richard Ivey School of Business at the University of Western Ontario. His success on eBay enabled him to establish a mini-student real estate empire. After graduating, he sold his properties and ventured into the ice cream business, opening seven Marble Slab ice cream stores by the age of 25. As a multi-unit franchisee, Rob experienced many highs and lows, gaining valuable lessons along the way. In 2012, Rob received a prestigious scholarship to pursue his MBA at Babson College, the #1 school in the world for entrepreneurship. Since relocating to Boston, he has met a co-founder, a wife, and immersed himself in the city's vibrant technology startup culture. Over several years, Rob built and eventually sold HigherMe, an HR tech solution for the restaurant industry. He also tackled the US student debt crisis with Reset Button/Lexria. Currently, Rob focuses on investing in real estate, startups, and small businesses, while spending as much time as possible with his family. Connect with Rob on: Linkedin: https://www.linkedin.com/in/robhunter7/ Website: https://www.speakerventures.com/ ABOUT FUNDRAISING DEMYSTIFIED Our goal is simple: to equip you with the knowledge, inspiration, and guidance to navigate the labyrinthine world of fundraising. Whether you're a budding entrepreneur seeking seed funding or an established founder looking to scale your business, this podcast will provide you with the tools you need to conquer the fundraising landscape. Thank you for being a loyal subscriber to Fundraising Demystified. We appreciate your support and are excited to continue bringing you more inspiring stories from successful founders. ABOUT JASON Jason Kirby is the co-founder of Thunder VC. He is a serial entrepreneur with 4 multi-million exits and decades of experience in fundraising and business building. He has coached hundreds of entrepreneurs in his career on fundraising, investing, capital strategy, and business development. You can reach out to Jason through: Email: jason@thunder.vc LinkedIn: https://www.linkedin.com/in/jasonrkirby/
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