The Pitch #138 The Exit: Selling LearnVest for $375 Million
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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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Early Financial Motivation
- Alexa Von Tobel's dad passed away when she was 14, causing her family financial stress.
- This experience motivated Alexa to learn about money and personal finance at a young age.
Dropping Out to Start LearnVest
- Alexa dropped out of Harvard Business School days after Lehman Brothers collapsed in 2008.
- She moved to New York to start LearnVest despite skepticism and personal hardship.
Embrace Negative Feedback
- Seek out the five smartest people and let them critique your startup brutal honestly.
- Lean into repeated negative feedback as it reveals key issues you must address.