Endgame: Prep Your Company for the $100 Million Exit with Craig Slayter

newcraig-feat

Guest: Craig Slayter
Co-Founder & First CEO of Odesk (Upwork), CEO, Founder & MNA Executive

Listen to this episode (0:46:41)

How do you prepare your company for a $100 million exit? Craig Slayter draws on more than 30 years of experience as a Silicon Valley start-up entrepreneur, CEO, founder, general manager, and MNA executive. He has personally raised over $50 million in venture capital funding. The first company he founded at the age of 31 was SoftStyle, an embedded software company, which he sold 5 years later to Phoenix Technologies, where he participated in taking that company public.

He has assessed hundreds of companies for potential acquisition, and participated in acquisitions ranging from $5 million to over $100 million. He’s also the co-founder and first CEO of oDesk, which is now Upwork, the world’s largest freelance marketplace. Jeffrey Slayter interviews Craig Slayter, his father, to share his experiences and exit plans with game-changing and innovative entrepreneurs.

 

Listen to this episode on iTunes:

tjss-itunesbutton

 

 

 

 

Listen to this episode on Stitcher:

tjss-stitcherbutton

 

 

 

 

Download the audio file:

downloadmp3

 

 

Save

Save

Save

Save

Save

Save

Save

Save

Save

Save

Save

Save

Save

Save

Save

This podcast is brought to you by: The Entrepreneur Elders Group

THE WORLD’S MOST CONTROVERSIAL INFLUENCERS, IN AN UNEARTHING BUSINESS MASTERMIND EXPERIENCE..

An experiential mastermind to find your entrepreneurial edge, through adventure challenges with peers that will take you through the layers of reality as you know them.

Find out more here: http://thejeffreyslaytershow.com/apply-to-eeg


DISCOVERY OF THE DAY:
What was your favorite quote or lesson from this episode? Please let me know in the comments!

Time-Stamped Show Notes

[00:00] Introduction of Craig Slayter, his professional background and experience.

[01:50] Craig Slayter shares the story of what he learned about the exit when it came time to sell his very first company. He advises entrepreneurs to start your business with the exit in mind.

[03:42] One of the biggest mistakes entrepreneurs make is messy capital structures that require cleaning up when it’s time to exit.

[06:30] The difference and importance between finding businesses to sell and businesses which are saleable.

[10:00] Minimizing the risks your buyer is trying to avoid will strengthen your company and lead to a much higher amount of money.

[13:56] Craig Slayter answers questions about business founders who think of their businesses as their babies and have a hard time separating their own identity. This makes selling the business harder than it has to be.

[17:14] Common sense answers and valuable ideas to assess individual business situations.

[21:53] The importance of retaining enough equity as you can while still giving up enough to attract others to the business.

[25:36] Sharing some of his own experiences, Craig Slayter discusses the importance of having a proper cap structure from the very beginning of setting up a new business.

[26:25] Red flags of companies without strategic planning.

[32:50] A strong management team adds value. Top talent attracts venture capitalists and makes for a better acquisition.

[37:10] Focusing on a strategic plan to create the value needed for a desired exit and creating the management structure and capital that allow the completion of the plan.

Jeffrey On Facebook

iTunes Reviews

Jeffey Slayter

02/20/2017 10:07 PM by jaimeewatts from Australia

Love this guy, if your ready to change your thinking and think out side the box, he's your man! ❤️️✨


Jeff show

02/20/2017 10:06 PM by Dianejbarry from Australia

Awesome!! How amazing Jeff


Awesome inspiration for heart based business

02/20/2017 10:05 PM by Taking cofee from Australia

Be inspired to greatness with this great show


Mind blowing

02/20/2017 10:04 PM by Nikster1978 from Australia

Awesome Jeff! Thank you so much


Highly recommended!

02/20/2017 3:37 PM by MonikaMileva from Australia

I have the pleasure of knowing Jeff and he is one of the most incredible people I have ever met. I'm so glad he decided to launch a podcast and share his wisdom and the amazing guests he brings in. He never stops surprising his peers with the depth of knowledge he possesses and shares freely with the world.


Gamechanging Content

02/20/2017 10:27 PM by aleighanicole from Australia

When it comes to business Jeff is at the cutting edge 🌟🌟🌟🌟🌟


Mind blowing!!!

02/20/2017 10:17 PM by bayllon from Australia

Must see


New addiction

02/20/2017 10:12 PM by Kellie1111111111111222222 from Australia

This is better than chocolate


Inspirational!

02/20/2017 10:11 PM by Craig Jonesy from Australia

I love Jeffrey's work! Life changing! Keep it up!!


Get this! Plug in!

02/20/2017 10:09 PM by Sumo84 from Australia

Entrepreneurs get this! Jeffrey and his guests are next level thinkers. Top of their game!!


Latest episode

Latest Blog

Get Connected

Related & Recommended Posts

(Visited 42 times, 1 visits today)

Leave a Comment