Refugee to Global Entrepreneur - What Lloyed Lobo Learned Building Boast.AI & Traction

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The Wise Exit

Todd Sullivan

68 episodes

2 weeks ago

The Wise Exit is an open dialogue with fellow founders and former business owners sharing real stories and offering honest advice around selling their companies to some of the top acquirers in the world. Beyond the entertaining and educational exit stories, host and M&A Advisor, Todd Sullivan is here to help demystify the Mergers & Acquisitions (M&A) process. For example: - How much is my business worth? - What is Net Working Capital? - When should I get a Quality of Earnings analysis - Should I hire an Investment Banker, M&A Advisor, or Business Broker? - When do I talk to my Key Employees about a possible transaction? We hope you enjoy... and learn a few things along the way! https://exitwise.com/

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Entrepreneurship

Business,

Investing

Refugee to Global Entrepreneur - What Lloyed Lobo Learned Building Boast.AI & Traction

The Wise Exit

1 hour 10 minutes

2 years ago

Refugee to Global Entrepreneur - What Lloyed Lobo Learned Building Boast.AI & Traction

EPISODE 54: THIS WEEK'S GUEST - LLOYED LOBO
In this episode, Lloyed shares:

His views on how outsourcing the financial role to professionals helps when it's time to sell the business
How bootstrapping (vs. Venture Capital) allowed him to sell on his timetable
Why building community is a key differentiator and value driver in any business and even more when it's time to sell

GUEST BIO:
Lloyed Lobo is an incredible, self-made entrepreneur. As a Kuwaiti refugee and former engineer turned serial entrepreneur, Lloyed co-founded and built boast.ai, a company helping businesses access R&D tax credits and innovation incentives, to $10 million of ARR. He also co-founded Traction, a nonprofit that brings together more than 120,000 entrepreneurs and innovators to share lessons on scaling startups. Lloyed sold a majority stake in boast.ai to a growth capital firm, which not only allowed him and his co-founder to create the personal liquidity they both needed for the next stages of their lives, but they were also able to maintain a substantial portion of equity in the business.

Lloyed is full of poignant, entrepreneurial and personal anecdotes to succeed in business and in M&A.

We hope you enjoyed my conversation with Lloyed Lobo.

WHERE TO FIND LLOYED LOBO:
LinkedIn
X (Twitter)
Instagram

EPISODE REFERENCES AND READING MATERIAL:
Get Lloyed’s new book, 'From Grassroots To Greatness: 13 Rules to Build Iconic Brands with Community Led Growth' (Top New Release on Amazon)
BOAST.AI
Traction
What Is Bootstrapping? (blog)
Ten Best M&A Podcasts For Entrepreneurs and Business Owners (blog)