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Acquiring Success: Joel Stevenson on the Strategic Sale of Yesware to Vendasta

2024-01-22

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Guest Bio

Joel Stevenson is the CEO of Yesware, a company that builds software that helps professionals communicate efficiently and authentically by integrating a powerful set of tools right inside your email inbox.

Key Lessons From Episode

  • Understanding the competitive landscape and adapting your strategy is essential for business success.
  • Building relationships with customers and potential partners can lead to strategic opportunities, such as acquisitions.
  • Being honest with yourself about the state of your business is vital for making informed decisions.
  • Having a diversified career can provide valuable skills and insights for leadership roles.
  • AI and technology present significant opportunities for innovation and efficiency in business operations.
  • Merging with a company that aligns with your strategic goals can provide significant growth potential.
  • Timestamps

    [00:00] Introduction – Phil Better introduces the episode and guest.

    [01:51] Joel Stevenson's Introduction – Phil Better details Joel's career and accomplishments.

    [05:10] The Acquisition Process – Joel discusses the journey of Yesware's acquisition by Vendasta.

    [08:43] Strategic Acquisition – Joel explains the rationale behind joining forces with Vendasta.

    [10:03] Guidance for Founders – Tips for entrepreneurs on preparing a company for acquisition.

    [13:59] COVID Impact – Joel shares the effects of COVID on Yesware's trajectory.

    [16:11] Future Goals – Joel's prospects for future roles and business ventures.

    [17:07] Entrepreneurship and AI – Joel talks about AI integration in Vendasta and Yesware.

    [20:39] Seek Discomfort Spark – Joel reflects on actions his future self will appreciate.

    [22:30] Closing Segment – Joel provides contact information and resources for connecting.

    [24:31] Podcast Conclusion – Phil Better wraps up the episode and shares his newsletter.

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