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Gamestop buys FaZe for $17M (prev $725M); Better.com 97% down, Hopin sells for $15M after raising $1B; Hello Bello bankrupts

Nov 10, 2023

The podcast discusses GameStop's acquisition of FaZe for $17M, Better.com's 97% stock value decrease, Hopin's $15M sale after raising $1B, and Hello Bello's bankruptcy. It emphasizes the importance of discipline and patience in acquisitions, founder-led businesses thriving in tough times, and caution when buying at fire sale prices due to hidden costs.

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Gamestop buys FaZe for $17M; Better.com 97% down, Hopin sells for $15M after raising $1B; Hello Bello bankrupts

00:00 • 2min

Financial Difficulties, Debt, and the Advantage of Founder-Led Businesses

01:53 • 5min

In episode #2605, We discuss recent acquisitions and business failures in the current market. We highlight the importance of discipline and patience when considering acquisitions, as well as the need to thoroughly evaluate the potential risks and liabilities involved. We also emphasize the advantage of founder-led businesses during challenging times, as founders are often more willing to grind it out and find creative solutions. We caution against rushing into deals and stress the need for thorough due diligence to avoid costly mistakes.

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Check out more of Eric’s content (Leveling UP YT) and Neil’s videos (Neil Patel YT)

TIME-STAMPED SHOW NOTES:

(00:00) Today’s topic: Gamestop buys FaZe for $17M (prev $725M); Better.com 97% down, Hopin sells for $15M after raising $1B; Hello Bello bankrupts
(00:30) Discussion about GameStop's acquisition of FaZe Clan
(00:38) Mention of a company called Better and its acquisition
(00:53) Introduction to Hello Bello, a diaper company
(01:17) Hello Bello's financial struggles and liabilities
(02:22) Non-private equity-backed companies performing well
(03:16) Founder-led businesses thrive in tough times
(04:13) Founders stepping back into their businesses
(04:52) Fire sale prices and lack of VC investments
(05:43) Caution when buying at fire sale prices due to hidden costs
(06:46) That’s it for today! Don’t forget to rate, review, and subscribe!

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Links Mentioned in Today’s Episode:

GameStop just bought Phase Clan for $17 million
Hello Bello filed for bankruptcy

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