Insight certainty 5/5 debate potential 1/5

Founders should read 'I'm OK – You're OK' to improve negotiation skills

Michel (Mike) van Velde · How He Grew $5m Agency and Why He Exited for EBITDA Multiple Last Year · May 7, 2021 · at 14:26

Michel van Velde, founder of digital agency One Shoe, answers Nathan Latka's rapid-fire question about his top book recommendation for founders.

0:00 / 0:19exact quote · 19.3s
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“It's a book well, which I advise to every single entrepreneur. It's called I'm okay. You're okay. And it's a book about transactional analysis on how to communicate effectively. That's been serving me a lot in terms of negotiation, but also internally with my, and my colleagues.”

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More from Michel (Mike) van Velde

Insight
Scaling an agency past 25 employees is the first major operational hurdle
“Growing past 25 is really difficult as an agency. That's where the first hurdles come in.”
Michel (Mike) van Velde May 7, 2021 ▶ 9:47 How He Grew $5m Agency and Why He Exited for EBITDA Multiple Last Year
Disclosure
One Shoe's acquisition valuation was based on a profit multiple, not revenue
“Profit.”
Michel (Mike) van Velde May 7, 2021 ▶ 13:01 How He Grew $5m Agency and Why He Exited for EBITDA Multiple Last Year
Disclosure
Van Velde built One Shoe to 45 staff before Interacto acquisition
“I sold one shoe to the Interacto Group and I basically built the company up until 45 people. And now my company has become part of the Interacto group, and we now have over 1500 employees.”
Michel (Mike) van Velde May 7, 2021 ▶ 4:07 How He Grew $5m Agency and Why He Exited for EBITDA Multiple Last Year
Disclosure
One Shoe's enterprise project fees ranged from $150,000 to over $1 million
“So, so, so between a 150 to six, seven, eight, over a million plus.”
Michel (Mike) van Velde May 7, 2021 ▶ 5:31 How He Grew $5m Agency and Why He Exited for EBITDA Multiple Last Year
Disclosure
One Shoe serviced approximately 50 active customers in 2020
“About 50, 50 customers. Yeah, yeah.”
Michel (Mike) van Velde May 7, 2021 ▶ 8:29 How He Grew $5m Agency and Why He Exited for EBITDA Multiple Last Year
Assertion Not checkable as stated
One Shoe grew revenue 10% to 20% annually from 2012 until exit
“I think about, you know, between 10, 15, 20% growth.”
Michel (Mike) van Velde May 7, 2021 ▶ 10:20 How He Grew $5m Agency and Why He Exited for EBITDA Multiple Last Year
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