DecaMillionaire Decoded Scaling Your Business for Exit, with Alexis Sikorsky
Jun 5, 2025
In this engaging discussion, Alexis Sikorsky, a successful entrepreneur and consultant, shares his remarkable journey of scaling a banking software company from scratch to $11 million in revenue. He candidly recounts the hurdles he faced during the 2008 financial crisis and his tactics for a profitable exit through private equity. Alexis highlights common pitfalls for business owners, the importance of due diligence, and the mindset shift essential for attaining financial freedom. His insights on strategic growth and navigating investor relationships offer valuable lessons for aspiring entrepreneurs.
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Successful PE Sale Story
- Alexis Sikorsky built a banking software company from 0 to $11 million revenue and sold it after navigating the 2008 crisis.
- He negotiated a deal with private equity based on future value, earning more in earn-outs than initial payment.
Due Diligence on Private Equity
- Entrepreneurs must do due diligence on private equity buyers, just as PEs do on companies.
- Call references and research their acquisitions to verify the quality of the private equity firm before selling.
Cash Cushion and Professionalization
- Many companies fail because they lack a cash cushion for burnout times.
- Transitioning from an amateur to a professional business is critical for sustainable growth.