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From almost failed startup to a successful acquisition by Shopify

From almost failed startup to a successful acquisition by Shopify

Released Saturday, 17th June 2017
Good episode? Give it some love!
From almost failed startup to a successful acquisition by Shopify

From almost failed startup to a successful acquisition by Shopify

From almost failed startup to a successful acquisition by Shopify

From almost failed startup to a successful acquisition by Shopify

Saturday, 17th June 2017
Good episode? Give it some love!
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A few years back Michael founded KIT – a virtual marketing assistant that helps small businesses with marketing their products on social media. Before KIT, he also worked on a few startups but as he admits, each time he was solving the wrong problem. And even when he was at the forefront of bot technology, he couldn’t sell the vision and get funding. He struggled for several years to the point that his electricity was shut off. His wife worked two jobs as a research for UCSF and a waitress to support them. The pressure was so high, but they both wouldn’t give up.Finally, the aha moment came after he got an inspiration from… his grandmother! KIT’s user base skyrocketed and it didn’t take long until KIT was acquired by Shopify.How did it all happen? How do you get successfully acquired by e-commerce giant while a second ago your business was barely on the surface? Listen to find out! Want to hear Michael’s advice on negotiating with the acquirers? Subscribe to Valley Talks to get the unreleased footage! www.valleytalks.comThe show is produced by Denim Video www.denimvideo.com
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