Listen "Bringing the Fun Back to Start-Ups with DesignMyNight's Nick Telson-Sillett"
Episode Synopsis
In this episode of "Made It with Connor Tomkies," Nick Telson-Sillett shares his journey from founding "Design My Night" to exiting for over £35 million. Nick talks about the challenges of scaling a company in a competitive market, the importance of financial freedom, and how to navigate earn-outs. He also discusses his ventures in angel investing through Horseplay Ventures and his efforts to support the LGBTQ+ founder community. Tune in for insights on business growth, exit strategies, and the evolving startup landscape.Join Our CommunityChapters:[00:00:00] Introduction and Competitors Wise Up[00:00:14] Naming Companies: Trumpet and Design My Night[00:01:21] Nick’s Post-Exit Life and Identity[00:02:06] Transitioning After a Big Exit[00:02:52] Growing Design My Night to £35M[00:04:10] Creating the Market for Bar Reservations[00:05:26] Selling the Vision: Bar to Bar[00:06:34] Selling to The Access Group[00:08:00] Why It Was Time to Sell[00:09:33] Navigating the Earn-Out Period[00:12:19] Structuring the Earn-Out Deal[00:14:24] Managing Post-Acquisition Relationships[00:18:39] Horseplay Ventures: Angel Investing[00:21:14] Supporting LGBTQ+ Founders with Proud Ventures[00:25:36] Launching the Pitch Deck Podcast[00:28:31] VC vs. Bootstrapping Startups[00:31:39] Honest Mobile: Revolutionizing Mobile Contracts[00:33:54] Fanbase: iOS for Sports TeamsNick's Stuff:Proud Ventures: https://www.proud-ventures.com/Trumpet: https://www.sendtrumpet.com/?ref=nicklinkedinHorseplay Ventures: https://horseplay.ventures/LinkedIn: https://www.linkedin.com/in/nicktelson/My Stuff:Podcast: https://www.madeitpod.com/Website: https://www.connortomkies.com/X: https://twitter.com/ConnorTomkiesLinkedIn: https://www.linkedin.com/in/connortomkies/
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