Steve Huey bought The Learning House, a company that creates online courses on behalf of colleges, for $2.7MM in 2007 because he saw the opportunity to professionalize the sales and account management of the business. Five years later, Huey sold the business to Weld North, a private equity company for $27.5 MM earning his shareholders an 8 to 1 return.  

In this episode, you’ll hear Huey’s advice on: 
- how to raise  a $4MM angel round in 7 days 
- an inexpensive way to figure out what your business is worth 
- buying a business with little of your own money down 
- Handling a buyer who drops their offer after signing an LOI 
- Differentiating between an earning out an escrow

Built to Sell Radio 

Ep. 67 The 8:1 flip

Built to Sell Radio is a weekly podcast for business owners.  Each week, we ask a recently cashed out entrepreneur why they decided to sell, what they did right and what mistakes they made through the process of exiting their business.  Built to Sell Radio is the ultimate insider's guide to approaching the most important financial transaction of your life.  