Ep.480 ~ Selling a Company for $170 Million ~ David Hauser
~ Current Series ~
100 Interviews with 100 Major Influencers
On the mic today we are joined by an individual who sold the company he and his partner built for $170 Million. David Hauser is a serial entrepreneur who has founded or co-founded multiple companies over the years, making his largest exit from Grasshopper.com. David and his partner are 100% focused on building companies that focus on rapid growth, and delayed gratification for themselves. This is how they took Grasshopper to $1 Million in year one, scaling it to $30 Million annual revenue then selling it after 12 years for the amount mentioned earlier for $170 Million.
David not only co-founded Grasshopper he also started Chargify that was invested into by Mark Cuban himself half a million dollars over a short three email exchange. David founded ReturnPath, SuperFat, invested in Intercom, Unbounce, Broove, The Hustle and 50+ more companies. He is also a founding member of National Entrepreneurs’ Day, and has been featured in Inc. Magazine’s 30 Under 30!
02:27 Who is David Hauser?
11:11 Starting a Company His Second Year in College
14:23 Making $1 Million While Still in College
23:47 A Growth Business vs. A Lifestyle Business
28:25 Making the Decision to Sell for $170 Million
37:09 Remote Teams vs. Teams in an Office
39:47 Letting Go of Team Members that Get You to $5 Million But Can’t Get You to $10 Million
43:44 Why Happiness & Freedom Don’t Come With Massive Amounts of Money
51:58 Valuing Experience Over Things
54:02 Importance of Catching People Doing Good Things
56:58 How You Do One Things is How You Do Everything
58:20 Work Hard Be Nice
01:05:36 Life Changing Books
01:10:45 Where to Find David