Mergers & Acquisitions – They say selling a business is an art – we’ve turned it into a science
Schedule a Consultation
Businesses for SaleMorgan & Westfield is committed to making the process of buying a business as simple as possible. Browse our businesses for sale now.
Buyer’s GuideHere is an overview of the process of buying a business, presented in concise summaries from our experts.
Changing career tracks can be challenging, but it can also be exciting and lucrative. Going from economics grad to lawyer to tech entrepreneur, Nick Fogle, founder of SaaS start-up Wavve, a tool for podcasters to turn audio into video, has gotten the start-up itch and learned how to bootstrap his way through several career iterations. Nick shares the lessons he learned from teaching himself to code through the multi-million dollar acquisition of Wavve in 2021 and into his second start-up, Churnkey.
Listen on Apple Podcasts | Listen on Spotify | Listen on Deezer | Listen on Stitcher | Listen on Google Podcasts | Listen on TuneIn
| 1:26 When did it all start for Nick Fogle to get into entrepreneurship and tech startup? |
| 9:30 How difficult is it to learn to code? |
| 11:20 Advice to non-tech founders who have start-up ideas in tech spaces. |
| 14:00 What were the biggest lessons learned from start-up to exit? |
| 16:30 Deciding to take the first offer or double down. |
| 20:20 What is the significance of churn in a tech company? |
| 25:55 When to embrace the idea of “leaning into” your business. |
| 29:15 What was the iterative agile approach applied to Wavve? |
| 50:06 What were the deciding factors in selling Wavve? |
| 52:27 How did the learnings from selling Wavve affect Churnkey? |
| 55:40 What is it like running a B2B business? |
Selling your business is a big deal – let us handle the details while you run your business.
Explore Your Options NowNick Fogle, the founder of Wavve and Churnkey, went from being an attorney drowning in student loan debt to teaching himself to code, building a successful SaaS (software as a service) business, and ultimately getting acquired for a mid-7 figure sum in 2021. He graduated with a degree in economics in the deep recession of 2008 and decided to weather the storm by taking out student loans and going to law school. When that didn’t meet his financial needs, and he was desperate to get out from under the mountain of debt, he decided to start his own company. He couldn’t find a technical co-founder to help with his startup idea, so he worked at minimum wage jobs while teaching himself to code, then worked his way up the ranks from lowly intern to lead engineer at a publicly traded software company.
After working hard for five years, Nick was finally able to pay off his student loan debt and left his day job in 2020. Nick sold Wavve for a mid-7-figure sum in 2021, taking everything they’d learned about retention and turning it into a new business, Churnkey.
We invested over a decade perfecting every step of the process. The result is a method proven to reduce your risk and maximize your price.
View Our Process Now
Private Equity Operator
How much had you thought about what life will be like after you sell your business? Join serial entrepreneur and private equity operator Jim Evanger to learn about the life…
Search Funds Investor
Have you heard about Search Funds and wondered what sets them apart from other investment-based buyers? Join us and Abdel Rahim, a search fund investor, as we discuss the search…
Who We Are
What We Do
Our Experience
Text
Audio
Other Resources
Let’s Talk
LinkedIn: