My First Million Greatest Hits #4 - How To Sell Your Company for $750M - Meet Vungle's Jack Smith
6 snips
Jun 1, 2021 
Jack Smith, co-founder of Vungle and a serial entrepreneur, shares his journey from selling prank itching powder as a kid to selling Vungle for $750 million. He discusses his clever 'LinkedIn Hack' that led to his first investment and reflects on the challenges of fundraising, emphasizing curiosity and unconventional networking. Jack also critiques Silicon Valley norms while sharing his insights on fundraising strategies and navigating stock sales post-departure. His story is a testament to innovation, resilience, and embracing a beginner's mindset.
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Productivity and Procrastination
- Strategically procrastinate and explore online resources to discover new opportunities.
- Action on interesting news by reaching out to companies or building relationships.
SHIP Discovery
- Jack Smith discovered the company SHIP while browsing Hacker News during his planned time off.
- He reached out offering help with their pitch deck, which led to a co-founder position.
Early Fundraising Challenges
- Jack Smith struggled to raise funds for Vungle in London, facing skepticism and unusual investor meetings.
- One investor pretended to be wealthy, rented conference rooms, and then backed out.