Ep 407 Bootstrapping His Way to $23 Million Exit with Lloyed Lobo

Built to Sell Radio

EpisodeSep 15, 20231h 16m

Ep 407 Bootstrapping His Way to $23 Million Exit with Lloyed Lobo

Built to Sell Radio

EpisodeSep 15, 20231h 16m

In 2017 Lloyed Lobo and his partner, Alex Popa, founded Boast, a software application designed to simplify the process of applying for research and development tax credits. The bootstrapped company struck a chord with customers that found the process of applying for R&D tax credits cumbersome. By 2020 Lobo and Popa had built Boast to more than $5 million in revenue when they agreed to a $23 million majority recapitalization from Radian Capital.

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Built to Sell Radio is a weekly podcast for business owners interested in selling a business. Each week, we ask an entrepreneur who has recently sold a business why they decided to sell their business, what they did right and what mistakes they made through the process of exiting their business. Built to Sell Radio is the ultimate insider's guide to approaching the most important financial transaction of your life.

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