72 min listen
Photobox and Moonpig: Selling to your competitor and the art of the exit
Photobox and Moonpig: Selling to your competitor and the art of the exit
ratings:
Length:
77 minutes
Released:
Nov 19, 2019
Format:
Podcast episode
Description
Ever wonder what goes on behind the scenes when one well-known start up buys another well-known start up?
Well, wonder no more.
You’ve heard us talk to both Nick Jenkins (founder of Moonpig) and Graham Hobson (founder of Photobox) in Series One. But we thought it would be fun to bring them together and have a Q&A with them, side by side.
So that’s just what we did.
Because you normally only hear the side of the story from the founder who sold their company. You rarely, if ever, hear the story from the founder who bought the company being sold. In this case the wildly successful personalised e-card company, Moonpig.com, that sold for £120m to photo printing giants, Photobox in 2011, which then itself went onto sell for a reported £400m+.
You’re in for a treat today - you get to hear from both sides - the good, the bad and the ugly of what happens during a M&A. That and you get a bucket load of advice from two Angel investors who between them have sunk a lot of money into the next generation of start ups.
So grab a cuppa and sit down to hear not one, but two entrepreneurial powerhouses talk about how they started and how they became millionaires. Listen out, there are tips aplenty.
We chat about:
The 4 crap ideas that came before Moonpig
What happened when Nick and Graham first met
Selling your business to your main rival
Top tips on securing an exit
The dribble and shake theory
Negotiating the deal, going through M&A
The importance of culture integration
What it’s like to actually buy a company
The pros and cons of being a Dragon
The art of Angel investing
Links:
Nick Jenkins - Moonpig
Graham Hobson - Photobox
Want to receive our podcast on a weekly basis? Subscribe to our newsletter!
Well, wonder no more.
You’ve heard us talk to both Nick Jenkins (founder of Moonpig) and Graham Hobson (founder of Photobox) in Series One. But we thought it would be fun to bring them together and have a Q&A with them, side by side.
So that’s just what we did.
Because you normally only hear the side of the story from the founder who sold their company. You rarely, if ever, hear the story from the founder who bought the company being sold. In this case the wildly successful personalised e-card company, Moonpig.com, that sold for £120m to photo printing giants, Photobox in 2011, which then itself went onto sell for a reported £400m+.
You’re in for a treat today - you get to hear from both sides - the good, the bad and the ugly of what happens during a M&A. That and you get a bucket load of advice from two Angel investors who between them have sunk a lot of money into the next generation of start ups.
So grab a cuppa and sit down to hear not one, but two entrepreneurial powerhouses talk about how they started and how they became millionaires. Listen out, there are tips aplenty.
We chat about:
The 4 crap ideas that came before Moonpig
What happened when Nick and Graham first met
Selling your business to your main rival
Top tips on securing an exit
The dribble and shake theory
Negotiating the deal, going through M&A
The importance of culture integration
What it’s like to actually buy a company
The pros and cons of being a Dragon
The art of Angel investing
Links:
Nick Jenkins - Moonpig
Graham Hobson - Photobox
Want to receive our podcast on a weekly basis? Subscribe to our newsletter!
Released:
Nov 19, 2019
Format:
Podcast episode
Titles in the series (100)
Photobox: Graham Hobson (Co-Founder) on how he built a £400m business: Graham Hobson is the Co Founder of Photobox, the digital printing powerhouse that employs 1,000+ people across Europe, and exited for a reported £400m+.But it wasn’t a simple journey - 16 years in the making, including 5 where they scaled back to 3 people, Graham shares the highs and lows of their tumultuous ride to eventual success. Before that - a life in the city, in banking’s glory years, where he saw every immoral act under the sun happen in the office before his eyes - he has lots of experience and insight to share through his career, and is well worth the listen! by Secret Leaders with Dan Murray-Serter