TFS#75 - Blake Hutchison, Flippa.com CEO & Selling $35 Million Digital Assets

Blake Hutchison is the CEO of Flippa, the leading marketplace globally to buy and sell sites, stores and digital properties. He and his team empower individuals and companies to take control, take ownership and thrive in this new small business economy. To know more about Flippa, visit: https://flippa.com/ https://alts.substack.com/ Chapters: 00:00 Intro 00:40 Meet Flippa CEO Blake Hutchison 01:50 Why Companies Hire CEOs 03:45 CEO Qualifications 05:05 Flippa’s Scaling Strategy 06:30 Flippa’s Business Challenges 08:00 How To Convince People To Sell 09:50 The Exit Phenomenon 11:20 Build To Sell 12:35 Aged Assets Are The Best Assets 15:30 Million Dollar Worth Online Businesses 16:30 Investing In Product & Engineering 17:40 Finding Talents 19:00 Flexible Work Options 20:10 Talent Recruitments 20:30 Shopify Exchange Marketplace vs Flippa 22:20 Educating Customers 24:15 Thinking About The Sellers 25:20 Asset Valuation 27:20 Reaching A Bigger Pool 28:10 Old School Metrics 29:30 Being A Smart Business Operator 30:35 Why Companies Seek Investors 32:20 To Raise Capital Or Not? 34:20 Why Raising Capital Is Not For Everyone 37:20 Selling Ideas 38:05 Experience Speaks For itself 38:50 Outro