The Exit: Selling Shipt for $550 Million

退出:以 5.5 亿美元出售 Shipt

The Pitch

商务

2024-05-08

47 分钟
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Since the beginning of The Pitch, we’ve told one story: what it’s like to raise money for a startup. But what about the rest of the journey? On our new segment, The Exit, we talk to startup founders who’ve done the impossible, sold their startup for hundreds of millions. How does it feel to finally accomplish the dream? And is that dream all it’s cracked up to be? In our first exit interview, we talk to Bill Smith, a high school dropout from Alabama who started, scaled and sold Shipt for $550 million in three years. Learn more about your ad choices. Visit podcastchoices.com/adchoices
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  • Since the beginning, weve only really told one story on the pitch, what its like to start and raise money for a startup.

  • But what about the rest of the journey?

  • What happens after you raise the money?

  • We all know that the goal of a startup is to eventually exit.

  • But when do you exit for how much?

  • And how do you know who to sell to?

  • What if they completely ruin the thing youve spent years of your life building?

  • Weve all seen that story play out.

  • And what does it even mean to exit?

  • It all sounds so final, like you just walk out the door straight onto your new yacht.

  • But for the people involved, its not that simple at all.

  • We wanted to talk to startup founders whove actually done it.

  • How does it feel to finally accomplish the dream?

  • And is that dream all its cracked up to be?

  • This is a special segment we're calling the exit today.

  • How Bill Smith, a high school dropout from Birmingham, Alabama, started, scaled and sold, shipped for $550 million in three years.

  • I'm Josh Muccio.

  • On the pitch, real startup founders pitch, real investors for real money.

  • And on the exit, we tell the rest of the story.

  • Here we go.