The Pitch
#138 The Exit: Selling LearnVest for $375 Million
Jul 24, 2024
Entrepreneur Alexa Von Tobel founded LearnVest to help young people manage their money online. She shares her journey from leaving Harvard Business School to selling the company for $375 million. The podcast explores her struggles with fundraising, building a fintech company in NYC, and navigating a $300 million acquisition offer. It highlights the importance of determination, resilience, and making data-driven decisions in the entrepreneurial world.
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Quick takeaways
- Alexa Von Tobel founded LearnVest to democratize financial advice for young people online.
- After selling LearnVest for $375 million, Alexa founded Inspired Capital to support mission-driven entrepreneurs with patient capital.
Deep dives
Starting LearnVest and Challenging Financial Norms
Alexa Von Tobel shares her journey of founding LearnVest, a fintech company challenging traditional financial management. Encountering skepticism at TechCrunch, she championed transparency and accessibility in managing finances, attracting thousands of users through online boot camps. Despite initial struggles, Alexa secured investments, navigating compliance hurdles to provide regulated financial planning services.
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