Powerhouse Women Raising $2M, Being Acquired by Kajabi & Knowing When to Scale or Sell with Teri Yu
What does it take to create, scale and sell a tech company? Teri Yu, Founder of Vibely, is here and gets real about what the journey really looks like scaling a profitable company, how she raised $2 million from investors like the founders of YouTube and Meetup.com, and when she knew it was time to go the route of selling her business vs continuing to scale to the next level. Teri ended up selling her business to Kajabi, which is the platform that we run our entire business on. This was such a cool conversation from someone who has been there in the trenches of entrepreneurship and I know you will gain so many takeaways from how to build grit as an entrepreneur, how we need to balance the needs of our businesses as Founders, and how to determine whether scaling or selling will be the best outcome for you.
HIGHLIGHTS
02:15 What advice would you give yourself when you were just getting started?
04:00 Was it always the goal to sell your company?
06:45 Advice for when you face challenges and have to pivot in business.
11:45 How to keep going when you want to quit.
16:00 How do you know if you’re meant to keep scaling or sell your business?
25:30 The pros and cons of being acquired.
29:45 What is your role now with Kajabi since they acquired your company, Vibely?
31:15 What is Kajabi Communities and how does it support Founders?
36:00 Teri’s recent powerhouse moment as a speaker.
RESOURCES + LINKS
Check out Kajabi and Kajabi Communities mentioned in this episode!
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FOLLOW
Teri Yu: @teriyakichicken
Powerhouse Women: @powerhouse_women
Lindsey: @llindseyschwartz
Hannah: @hannahmwells
Visit the Powerhouse Women website: powerhousewomen.co
Join the PW Community Facebook Group: facebook.com/groups/powerhousewomencommunity