Refugee to Global Entrepreneur - What Lloyed Lobo Learned Building Boast.AI & Traction

26/09/2023 1h 10min Episodio 54
Refugee to Global Entrepreneur - What Lloyed Lobo Learned Building Boast.AI & Traction

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Episode Synopsis


EPISODE 54: THIS WEEK'S GUEST - LLOYED LOBOIn this episode, Lloyed shares:His views on how outsourcing the financial role to professionals helps when it's time to sell the businessHow bootstrapping (vs. Venture Capital) allowed him to sell on his timetableWhy building community is a key differentiator and value driver in any business and even more when it's time to sellGUEST BIO:Lloyed Lobo is an incredible, self-made entrepreneur.  As a Kuwaiti refugee and former engineer turned serial entrepreneur, Lloyed co-founded and built boast.ai, a company helping businesses access R&D tax credits and innovation incentives, to $10 million of ARR. He also co-founded Traction, a nonprofit that brings together more than 120,000 entrepreneurs and innovators to share lessons on scaling startups. Lloyed sold a majority stake in boast.ai to a growth capital firm, which not only allowed him and his co-founder to create the personal liquidity they both needed for the next stages of their lives, but they were also able to maintain a substantial portion of equity in the business.Lloyed is full of poignant, entrepreneurial and personal anecdotes to succeed in business and in M&A.We hope you enjoyed my conversation with Lloyed Lobo.WHERE TO FIND LLOYED LOBO:LinkedInX (Twitter)InstagramEPISODE REFERENCES AND READING MATERIAL:Get Lloyed’s new book, 'From Grassroots To Greatness: 13 Rules to Build Iconic Brands with Community Led Growth' (Top New Release on Amazon)BOAST.AITractionWhat Is Bootstrapping? (blog)Ten Best M&A Podcasts For Entrepreneurs and Business Owners (blog)The Wise Exit is an Exitwise Production. Are you a business owner looking to sell your business faster, for more, and with less complexity? Learn how Exitwise's founder-led team helps you maximize your exit value and simplifies the M&A process: https://exitwise.com/

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