204. Behind the Buyout: The Numbers & Negotiation of Vibely’s Acquisition By Kajabi

Try Kajabi for 30 days completely FREE: https://ellenyin.com/kajabi What is it actually like to build a company that gets acquired? Sharing her first-hand experience today is tech founder Teri Yu, who sold her community-based software, Vibely, to the $2 billion online business platform Kajabi, where her product became Kajabi Communities. After raising $2.5 million in funding, Teri eventually scaled Vibely to a $6 million annual run rate and hundreds of thousands users served through the communities creators hosted on Vibely. Recognized by BlogHer as the Innovator of The Year, Teri’s path from cubicle to CEO and then back to employee as Kajabi’s now Director of Product is anything but conventional. Teri spills the beans on the key factors that made her company an attractive buy to interested parties like Google, Patreon, and of course Kajabi, the pivotal moments that shaped her decision to sell and why she chose Kajabi, and how she navigated the rollercoaster of post-exit emotions as a founder. View the transcript for this episode at: https://otter.ai/u/meYw2hYJ3GQvoXh_lDYxX7jexqE?utm_source=copy_url Thank you to our sponsors: Calling all creative entrepreneurs! Use code 'CEO' at checkout to join Tiffany Napper's coaching membership, Upleveler Society, for only $49/month when you go to https://www.tiffanynapper.com/upleveler-society Try the #1 all-in-one E-commerce platform: Shopify! Sign up for a one dollar per month trial period at shopify.com/cubicle  Connect with Teri: @teriyakichicken Iconic business leaders all have their own unique genius. Take this quick 10 question quiz to uncover your specific CEO style advantage: https://ellenyin.com/quiz If you enjoyed today's episode, please: Leave a positive review or rating at www.ratethispodcast.com/cubicletoceo Sign up for our text notifications at ellenyin.com/superfan so you can be the first to know when a new case study has dropped! Post a screenshot & key takeaway on your IG story and tag us @missellenyin & @cubicletoceo Learn more about your ad choices. Visit megaphone.fm/adchoices