How to Find a Business Problem and Then Solve It

“It’s really hard for companies to get acquired. I was shocked at how many entrepreneurs reached out to me after we announced the acquisition [of Bizness Apps], like ‘how did you get acquired?’”

With a couple of exits already under his belt, Andrew Gazdecki saw first-hand how broken the process of selling a company was. He used that experience to start MicroAcquire in January 2020, a platform that helps startups get acquired by connecting them with buyers within 30 days. The goal is to give startups an alternative to brokers that’s easier, cheaper and more likely to succeed - and it’s working. 

In this episode, Andrew discusses the cut-throat world of clarinet playing, graduating Chico State with 2.07 - the lowest GPA of any student in their history; starting and exiting Bizness Apps and Altcoin.io; diagnosing the problems between private equity and entrepreneurs, and why he would support any of his employees who quit MicroAcquire to start their own company. 

“Entrepreneurship isn't for everyone. It's about understanding who you are as a person. But what I think about a lot is just, the fear of regret is so much heavier than the fear of failure.”

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