Built to Sell Radio
Ep 373 Revolutionizing the Way We Plan Our Careers: Discover the Impact of Sokanu with the Founder, Spencer Thompson
Jan 20, 2023
Spencer Thompson, founder of Sokanu, discusses the evolution of career assessment technology and the motivations of entrepreneurs. He also shares the decision to merge with Penn Foster for greater impact. They explore the reasons for raising capital instead of selling the company and reflect on finalizing a deal, including personal mistakes and emotional highs and lows. The chapter concludes with introducing the guest's new company focused on strengthening company defenses.
42:14
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Quick takeaways
- Sokanu's Career Explorer became widely used and was adopted by the US government and top colleges around the world, highlighting the success of their innovative career assessment platform.
- Spencer Thompson emphasizes the value of humility and continuous learning in entrepreneurship, recommending reading books on finance and mergers and acquisitions to gain valuable insights.
Deep dives
Spencer Thompson's Career Assessment Platform So Can You
Spencer Thompson founded So Can You, a career assessment platform aimed at replacing outdated tests. The platform became widely used, adopted by the US government and top colleges. Thompson discusses how they utilized dominance theory, patterns, and historical data, and discovered hidden value in the business. He also shares insights on negotiable terms when selling a business and the importance of defining a company's purpose.
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