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Built to Sell Radio

Ep 471 Exit Story: Kaelon Egan on Selling AccelaSchool to PowerSchool, Targeting Strategic Buyers, and Avoiding Earn-Outs

Dec 6, 2024
Kaelon Egan, founder of AccelaSchool, shares his journey of successfully selling his company to PowerSchool, a leader in K-12 education technology. He discusses how to position a business for strategic acquisition and the importance of understanding buyer needs. Egan also reflects on navigating the complexities of the education sector's sales landscape and the value of advisory networks. He emphasizes avoiding earn-outs and the significance of clear sale structures, offering insights into leveraging AI opportunities in a post-pandemic market.
31:50

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Kaelon Egan successfully positioned AccelaSchool for acquisition by PowerSchool by ensuring product alignment with their existing ecosystem and architecture.
  • His decade-long experience in educational institutions facilitated a bottom-up sales strategy, emphasizing relationship-building to influence decision-makers effectively.

Deep dives

Positioning for Acquisition

Kalen Egan strategically positioned his company, Excella School, to appeal to PowerSchool, a major player in educational technology. By aligning his product, eCollect Forms, with PowerSchool's ecosystem, he ensured his software complemented their existing offerings, making it more attractive for acquisition. This involved making intentional decisions about the architecture of his product to directly integrate with PowerSchool's platform, enhancing its unique value in the market. Kalen understood that by focusing on his target customer base, he could create a compelling case for a successful acquisition down the line.

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