Mergers & Acquisitions

Resources: M&A Talk Podcast

At M&A Talk we bring you exclusive interviews with experts in business sales, valuations, mergers and acquisitions and more. We talk to the most experienced professionals in the industry to uncover their secrets.

Jeff Wald, Founder of WorkMarket, on a $100 Million+ Exit

Jeff Wald, Founder of WorkMarket, on a $100 Million+ Exit

Jeff Wald

Founder of WorkMarket

Jeff Wald is the Founder of WorkMarket, an enterprise software platform that enables companies to manage freelancers, which he sold to ADP. Jeff has founded several technology companies, including Spinback, a social sharing platform (eventually purchased by salesforce.com). Jeff began his career in finance, serving as Managing Director at activist hedge fund Barington Capital Group, as a Vice President at venture capital firm GlenRock, and various roles in the M&A Group at JP Morgan. Jeff is an active angel investor and startup advisor, as well as serving on numerous public and private Boards of Directors. He also formerly served as an officer in the Auxiliary Unit of the New York Police Department. Jeff is the author of The Birthday Rules and The End of Jobs: The Rise of On-Demand Workers and Agile Corporations. Jeff frequently speaks at conferences and in the media on startups and labor issues. Jeff holds an MBA from Harvard University and an MS and BS from Cornell University.

Guest Profile

Jeff Wald is the Founder of WorkMarket, an enterprise software platform that enables companies to manage freelancers (acquired by ADP). Jeff has founded several other technology companies including Spinback, a social sharing platform (eventually purchased by salesforce.com). Jeff began his career in finance, serving as Managing Director at activist hedge fund Barington Capital Group, as a Vice President at venture capital firm GlenRock, and various roles in the M&A Group at JP Morgan. Jeff is an active angel investor and startup advisor, as well as serving on numerous public and private Boards of Directors. He also formerly served as an officer in the Auxiliary Unit of the New York Police Department. Jeff is the author of The Birthday Rules and The End of Jobs: The Rise of On-Demand Workers and Agile Corporations. Jeff frequently speaks at conferences and in the media on startups and labor issues. Jeff holds an MBA from Harvard University and an MS and BS from Cornell University.

Company: Bento Engine

Location: New York

LinkedIn: https://www.linkedin.com/in/jeffwald

Website: https://www.workmarket.com/ , http://www.spinback.com/

Email: jeffwald@gmail.com


Highlights

  • You learn more from your failures than from your successes.
  • Money comes with people and expectations attached.

Topics Covered

  • What did you learn from your first big failure? [2:15]
  • What did you do differently with your second company? [6:30]
  • How long did it take from start to exit? [7:40]
  • How long did the transaction take? [8:30]
  • What was your role in the negotiations and what did you learn? [9:00]
  • How hard would it be to build a company and sell it in two years for tens of millions of dollars? [11:05]
  • The buy vs. build decision — it is now becoming cheaper to build. [24:30]
  • How did selling both of your businesses impact your life? [28:00]
  • How did your mindset change after you sold your business? [29:30]
  • What really makes you happy now that you have all of your financial needs met? [34:20]
  • How do you spend your time now? What are your goals? [41:00]
  • What is your advice to business owners? [50:30]

Resources Mentioned

The End of Jobs: The Rise of On-Demand Workers and Agile Corporations Audible Logo Audible Audiobook – Unabridged

WorkMarket

A Roadmap to the Successful Sale of Your Business (152 pages)

A Roadmap to the Successful Sale of Your Business (152 pages)

You could spend a lifetime figuring out how to successfully sell your business and still end up confused or clueless. What if you can stop the guesswork and start taking action now?

Read more