How a First-Timer Pulled Off a $52m Acquisition | Nick Huber Interview

Описание: One of the early voices in the boring businesses trend, Nick exhorted his followers to stop equating entrepreneurship to tech and Mark Zuckerberg, and instead recognize all the opportunities available in any town to anyone willing to work. Now that's old news to you listener, but Nick was early with that message, and it was influential to me personally. Well last year, news broke that Nick had acquired Support Shepherd, a recruiting agency for Filipino talent that was well known across Twitter and in small business and entrepreneurial circles. It was a high-profile $52m deal. And Nick, in this interview, unpacks exactly how he structured it, how he pulled it off. So today you will learn how a first-time sponsor puts together an acquisition like that. I really enjoyed it and think you will too.
And as you'll hear, my partner in Minds Capital, Niklas James, co-hosted the interview, since we're also publishing it as an episode of the Minds Capital Podcast. Nick's acquisition of Support Shepherd was, after all, an independent sponsor deal, the very type that we cover every week over on the Minds Capital Podcast. OK, here is buyer & co-owner of Support Shepherd (now rebranded Somewhere.com), Mr. Sweaty Startup himself, Nick Huber.

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Chapters:
00:00 Nick's Background
08:43 Nick’s Early Business Ventures
19:19 The Power of Twitter and Building an Audience
25:22 Acquiring Somewhere.com: Deal Structure and Negotiations
34:07 Mastering Remote Workforce
44:47 Incentivizing Investors
58:46 Impact of AI and Market Risks on Somewhere.com
1:08:46 Time Zone Differences and Offshore Talent
1:16:39 The Value of a Media Presence
1:32:32 Future Plans and Personal Reflections

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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.

Credits:
Edited by Anton Rohozov
Produced by Pam Cameron

#business #acquisitions #buyingbusiness