Is Acquisition Entrepreneurship Your Best Bet?

Acquisition entrepreneurship isn’t right for every startup idea. But there are a few things you can do to position yourself for success. June 21, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. There are two things we (think we) all know for sure about Elon Musk: He’s a founder of Paypal, and a founder of Tesla — two of the most innovative companies in the past 100 years. But “founder” doesn’t actually describe how those companies happened. Musk’s digital payment company, X.com, acquired Peter Thiel’s company, Confinity. And that merged organization became PayPal. In a similar turn of events, following a 2002 sale to eBay that netted him $180 million, Musk went on to become the leading investor in a little car startup founded by engineers Martin Eberhard and Marc Tarpenning. Musk, CEO of Tesla, eventually claimed co-founder status — something for which he was sued. Related: 19 Times Elon Musk Had the Best Response The general assumption […]

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Refrigerated Protein Bar Company Perfect Snacks Acquired by a Multibillion-Dollar Food Giant

Financial terms for the deal were not disclosed, but its sibling founders will remain to lead the company. June 20, 2019 2 min read Fourteen years ago, two of the 13 Keith siblings, Bill and Leigh (then 22 and 19) adapted their father’s recipe for a refrigerated protein bar and created Perfect Snacks, a business that generated approximately $70 million in net revenue last year. Now, the company that popularized refrigerated protein bars has been acquired by food giant Mondelēz International, owners of the Oreo, Cadbury, Milka, belVita and Tate’s brands. Financial terms were not disclosed. The company said its net revenues in 2018 were approximately $26 billion. Image credit: Perfect Bar “We believe Mondelēz International’s purpose, to ‘empower people to snack right,’ aligns very well with why we started this brand and this business,” said Bill Keith, co-founder and CEO of Perfect Snacks, in a press release. Related: These […]

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The NYC Bagel Shop That Blew Up Thanks to ‘Shark Tank’ Just Got Acquired for $34 Million

Bantam Bagels won funding from Lori Greiner to expand its business to retail. October 23, 2018 2 min read Five years after Nick and Elyse Oleksak pursued a literal dream of stuffed bagels to found Bantam Bagels, the couple have sold the business to T. Marzetti Company (owned by the publicly traded Lancaster Colony Corporation) for $34 million. The Oleksaks got their first big break after appearing on Shark Tank in 2014 and scoring a $275,000 investment from Lori Greiner. They then appeared on QVC. “When you’re an entrepreneur, you learn to live gut first,” the Oleksaks said in a statement to Entrepreneur. “And finding the right business partner is kind of like picking the next member of your family. … With Marzetti, we will have the infrastructure and strategic support to grow Bantam exponentially, while being able to preserve the genuine authenticity that makes Bantam so great.” Related: This […]

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How to Make Your Startup’s Acquisition a Beginning, Not an End

Here’s how to ensure an acquisition becomes a positive partnership — for both your enterprise, and your people. October 15, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. In 2006, I started a company called Kanjoya, with an ambitious challenge: Could we deliver empathy and understanding to people using technology? Our first product, Experience Project, was a social media website that connected people through shared life experiences. We clearly hit a need, as the site quickly grew to 15 million users per month, ultimately sharing over 35 million experiences, ranging from first days on the job to relationships. Related: Why Prioritizing Company Culture Is the Key to a Successful Acquisition With focus, Kanjoya grew and quickly ran into resource constraints across the board. It became clear that we ideally needed a larger partner to fully realize our vision, and Kanjoya was acquired in 2016 by Ultimate Software, […]

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VCs These Days Are Off Chasing Unicorns. But You Have Another Funding Option: Acquisition.

Showcasing that you have an innovative idea, understand your market need and have a talented team can get you in the door with the right potential partner. August 3, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. In today’s competitive venture capital environment, it can prove challenging for startups to secure investors. According to a recent TechCrunch report, VCs are making only half as many investments in technology companies as they did in 2014 and are cutting down on early-stage companies. Instead, they are seeking out “unicorns,” or companies with the potential to lead or dominate their market. Related: How to Position Your Business for a Strategic Acquisition That change means that for your early-stage businesses, it may be worthwhile to rethink how you’re going to make it as a startup. And the answer there may be the alternatives to achieving success that don’t involve multi-million dollar funding rounds, […]

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