Jaclyn Johnson

She's the CEO now. Yeah. So basically, it was this like kismet reality that I think happened for the right reasons.

She's the CEO now. Yeah. So basically, it was this like kismet reality that I think happened for the right reasons.

She's the CEO now. Yeah. So basically, it was this like kismet reality that I think happened for the right reasons.

yeah so basically we exited for 22 million dollars that was the valuation that we exited at which is amazing i'm very proud of it however our valuation should have been much higher but due to covid basically they did a blended ebitda for the the years so it was a little different in that way typically i would say most event businesses would have exited based on a four million dollar ebitda in 2019 for 40 to 70 million depending

yeah so basically we exited for 22 million dollars that was the valuation that we exited at which is amazing i'm very proud of it however our valuation should have been much higher but due to covid basically they did a blended ebitda for the the years so it was a little different in that way typically i would say most event businesses would have exited based on a four million dollar ebitda in 2019 for 40 to 70 million depending

yeah so basically we exited for 22 million dollars that was the valuation that we exited at which is amazing i'm very proud of it however our valuation should have been much higher but due to covid basically they did a blended ebitda for the the years so it was a little different in that way typically i would say most event businesses would have exited based on a four million dollar ebitda in 2019 for 40 to 70 million depending

Very happy with the way it ended. I owned a majority stake, but I can't tell you the full amount. But I owned a majority stake because obviously we had no investors outside of myself and my partners.

Very happy with the way it ended. I owned a majority stake, but I can't tell you the full amount. But I owned a majority stake because obviously we had no investors outside of myself and my partners.

Very happy with the way it ended. I owned a majority stake, but I can't tell you the full amount. But I owned a majority stake because obviously we had no investors outside of myself and my partners.

Yeah, they own like 1% of the company.

Yeah, they own like 1% of the company.

Yeah, they own like 1% of the company.

It's yeah. So it's just a totally different strategy. So like selling a business. Yes. I talk about this all the time. Twenty two million dollars is like I'm going to get the majority of that cash right in that transaction because I own the majority because I didn't give up equity while raising money.

It's yeah. So it's just a totally different strategy. So like selling a business. Yes. I talk about this all the time. Twenty two million dollars is like I'm going to get the majority of that cash right in that transaction because I own the majority because I didn't give up equity while raising money.

It's yeah. So it's just a totally different strategy. So like selling a business. Yes. I talk about this all the time. Twenty two million dollars is like I'm going to get the majority of that cash right in that transaction because I own the majority because I didn't give up equity while raising money.

Whereas founders, again, who are going to have these billion dollar exits need a lot of money to get to that mark in general. So they'll raise a lot of venture capital and therefore dilute themselves. So there's different ways to view equity and there's different ways to build businesses and there's different ways to exit businesses.

Whereas founders, again, who are going to have these billion dollar exits need a lot of money to get to that mark in general. So they'll raise a lot of venture capital and therefore dilute themselves. So there's different ways to view equity and there's different ways to build businesses and there's different ways to exit businesses.

Whereas founders, again, who are going to have these billion dollar exits need a lot of money to get to that mark in general. So they'll raise a lot of venture capital and therefore dilute themselves. So there's different ways to view equity and there's different ways to build businesses and there's different ways to exit businesses.

I actually have a good friend who I think her exit was like 500 million, maybe 450 million. And we ended up making around the same amount of money. Is there any right or wrong way to do it? No, not necessarily. It really just depends on the type of business like you want to build.

I actually have a good friend who I think her exit was like 500 million, maybe 450 million. And we ended up making around the same amount of money. Is there any right or wrong way to do it? No, not necessarily. It really just depends on the type of business like you want to build.