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Practical Founders Podcast cover image

#111: Bootstrapped Then Raised VC Funding Before Selling to Salesforce for $250 Million

Practical Founders Podcast

NOTE

Achieving Scale is Crucial for Services Success

Success in the services sector requires achieving significant scale to attain desirable outcomes. While smaller operations can result in modest sales, such as a $3 million exit, the potential for remarkable returns only emerges when businesses reach substantial revenue levels, around $50 to $60 million. The challenges of the services model often lead to less impressive multiples, emphasizing the need for growth to achieve that coveted storybook exit.

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