35 - Acquisition #11 - Journey.io (aka Don't Stop Believing)

Episode 35 November 10, 2023 00:04:04
35 - Acquisition #11 - Journey.io (aka Don't Stop Believing)
XO Capital's Fund Stuff
35 - Acquisition #11 - Journey.io (aka Don't Stop Believing)

Nov 10 2023 | 00:04:04

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Show Notes

"Journey to Success: Tales of Triumph and Challenge"

Dive into the candid chronicles of entrepreneurial grit on "Journey to Success." Hosted by a seasoned entrepreneur with a knack for storytelling, this podcast delves into the highs and lows of building and scaling businesses. From a stark "Failure to Raise" capital to ingeniously creating the "Flip Fund," where business acquisition and swift scaling lead to rapid exits—our host shares it all. With a recent spotlight on the acquisition of Journey.io, a storytelling sales tool with a penchant for scale and customer love, listeners get an insider's view of the strategic decisions that lead to 10x growth. It's an unfiltered look at the tactical journey of fund-raising and business development, flavored with the host's dry wit and smart insights. Join us as we navigate the thrilling path of turning challenges into stepping stones for success.

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Episode Transcript

Lots of journey puns so sorry in advance. A little over a year ago I tried to raise a discretionary capital fund by putting all our assets into 1 company and selling shares of that company ... nobody wanted inFailure To Raise At the beginning of the month we decided to go out and try to raise $1M in equity into XO Capital. We failed. I’m being a little flippant. I pulled our fundraise. The truth is I just didn’t get the terms I expected, and we made a conscious decision to https://notes.xo.capital/failure-to-raise/ Which is really too bad because we 10x-ed 1 and 8x-ed another company. Would have been a good investment! Then a few months ago we decided on a different model I called the Flip Fund: Flip Fund® Logs Pt 1

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