Grace McBride, founder of TripKit, discusses lessons learned from conducting financial due diligence prior to selling her company on MicroAcquire.
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“It would have benefited us when we were selling, so we could have sold for a higher price, probably if we had paid attention to that earlier”
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More from Grace McBride
AssertionNot checkable as stated
McBride: TripKit eliminated discounts to boost revenue during acquisition prep
“When we got serious about selling, we had to really hone in on exactly what we were selling to the buyer and make sure that we weren't saying yes to ancillary projects. Make sure everyone was paying our subscription price and not getting any crazy discounts an…”
Grace McBrideSep 20, 2022▶ 8:22Startup Acquisition Stories with Grace McBride, Founder of Lucia
Disclosure
McBride enrolled in an MBA program to incubate her new startup
“I literally went back to get my MBA because I thought I'm starting a new company. I loved starting a company in college. It provides so much, so many resources and so much protection from like the real world. No one really expects anything of you yet. But you …”
Grace McBrideSep 20, 2022▶ 19:23Startup Acquisition Stories with Grace McBride, Founder of Lucia
AssertionNot checkable as stated
McBride: TripKit met over 30 prospective buyers after listing on MicroAcquire
“We had been contacted by well over a hundred. We didn't get to meet with everyone by any means. We kind of sifted through... We ended up meeting with probably well over 30 or 40 people.”
Grace McBrideSep 20, 2022▶ 5:29Startup Acquisition Stories with Grace McBride, Founder of Lucia
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