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E3: Chris Bakke on Negotiating with Elon Musk and Setting Up An M&A from Day One (3x exits)

E3: Chris Bakke on Negotiating with Elon Musk and Setting Up An M&A from Day One (3x exits)

From"Turpentine Finance" with Sasha Orloff | Startup Finance, Leadership, CFO Strategy


E3: Chris Bakke on Negotiating with Elon Musk and Setting Up An M&A from Day One (3x exits)

From"Turpentine Finance" with Sasha Orloff | Startup Finance, Leadership, CFO Strategy

ratings:
Length:
47 minutes
Released:
Apr 18, 2024
Format:
Podcast episode

Description

Ever wonder what it's like to get a call from Elon Musk, wanting to buy your company?

In this episode, Sasha sits down with serial entrepreneur Chris Bakke to find out. Chris is the co-founder behind several successful startups, including Laskie, which was acquired by Elon Musk's X, and Interviewed, acquired by Indeed. Chris shares insights on: building a content-driven growth strategy as a founder that's led to his 200k+ follower base, navigating the M&A process and negotiating a deal directly with Musk, transitioning from founder to his current role in building X's job search platform, and much more.

This show is a part of the Turpentine podcast network. Learn more: www.turpentine.co

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SPONSORS:
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This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.

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X/Twitter:
@sashaorloff (Sasha)
@chrisjbakke (Chris)
@turpentinemedia

TIMESTAMPS:
(00:00) Chris Bakke Intro
(02:49) Laskie and what got Chris excited about it
(04:03) Content as a growth strategy
(07:29) How Chris found his content voice
(12:50) What’s the next thing in content
(19:32) Best practices as a founder to set up M&A as a future path
(24:36) Getting Indeed as a partner, investor, and acquirer of Interviewed
(26:51) Laskie’s M&A Story
(29:13) How Chris ended up talking to Elon about Laskie and Twitter recruiting
(35:11) What Chris would’ve done differently at Indeed
(37:12) Common mistakes and misconceptions during the M&A process
(45:00) Chris’ most memorable X post, not of his own
(46:22) Wrap
Released:
Apr 18, 2024
Format:
Podcast episode

Titles in the series (59)

Run the Numbers is a weekly podcast about financial metrics and business models, designed for ambitious people operating tech startups. It's a collection of things host CJ Gustafson (CFO at Partstech and writer of Mostly Metrics) has learned and thought about in the trenches as a tech CFO. This show is meant to serve as a playbook of sorts for the stuff CJ wishes he knew earlier in his career, both from experience and from copying people smarter than himself. Topics frequently touch upon Startup SaaS Metrics, Annual Budgeting, Financial Forecasting, Headcount, Equity, Dilution, and Fundraising – and how all of these drive business performance and growth.