Raising $2M, Being Acquired by Kajabi & Knowing When to Scale or Sell with Teri Yu

from Powerhouse Women · host Lindsey Schwartz

What does it take to create, scale and sell a tech company? Teri Yu, Founder of Vibely, is here and gets real about what the journey really looks like scaling a profitable company, how she raised $2 million from investors like the founders of YouTube and Meetup.com, and when she knew it was time to go the route of selling her business vs continuing to scale to the next level. Teri ended up selling her business to Kajabi, which is the platform that we run our entire business on. This was such a cool conversation from someone who has been there in the trenches of entrepreneurship and I know you will gain so many takeaways from how to build grit as an entrepreneur, how we need to balance the needs of our businesses as Founders, and how to determine whether scaling or selling will be the best outcome for you. HIGHLIGHTS 02:15 What advice would you give yourself when you were just getting started? 04:00 Was it always the goal to sell your company? 06:45 Advice for when you face challenges and have to pivot in business. 11:45 How to keep going when you want to quit. 16:00 How do you know if you're meant to keep scaling or sell your business? 25:30 The pros and cons of being acquired. 29:45 What is your role now with Kajabi since they acquired your company, Vibely? 31:15 What is Kajabi Communities and how does it support Founders? 36:00 Teri's recent powerhouse moment as a speaker. RESOURCES + LINKS Check out Kajabi and Kajabi Communities mentioned in this episode! Who Not How by Dan Sullivan Click HERE to text the word MENTOR to (602) 536-7829 for weekly business + mindset tips delivered straight to your phone! Join the waitlist for Six Figure School - our 12 week business mentorship to launch or scale your business to 6-figures (and beyond!) Powerhouse Women is a COMMUNITY and YOU are part of it! Take a screenshot of this episode and tag us on Instagram so we can keep the conversation going and create more of the episodes you need! FOLLOW Teri Yu: @teriyakichicken Powerhouse Women: @powerhouse_women Lindsey: @llindseyschwartz Hannah: @hannahmwells Visit the Powerhouse Women website: powerhousewomen.co Join the PW Community Facebook Group: facebook.com/groups/powerhousewomencommunity

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This episode is 38 minutes long.

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This episode was published on December 28, 2023.

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