How Dan Reich Went From Selling Bouncy Balls To 2 Salesforce Exits!
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How Much Could You Sell Your Company For?
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Getting acquired could transform your life.
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Multi-Exit Founder Tells All From Early E-commerce Venture to Tech and Beauty
We're privileged to have Dan Reich join us in this episode - a seasoned entrepreneur and investor with an impressive track record of not one but two Salesforce exits! From his humble beginnings selling bouncy balls out of his backpack in high school, he's gone on to found and exit companies in sectors including technology and beauty.
In our conversation, Dan talks about the intricacies of startups, fundraising strategies, and the art of pivoting. He shares candid reflections on his experiences with ventures like Spinback, Tula Skincare, and Troops.ai, each representing different industries and fundraising approaches. It's a great listen for any founder!
Here's what you're in for:
- 05:19 Choosing the right business partners
- 08:38 The power of the internet and social media
- 12:58 Pivoting from beauty to tech
- 31:17 Building on top of Slack and the acquisition by Salesforce
- 37:07 Post-Acquisition experience and building new ventures
- 43:03 Lessons on fundraising and capital allocation
- 53:40 Angel investing and giving back to the startup ecosystem
ABOUT DAN REICH
Dan Reich is a serial entrepreneur and investor with a track record of building and exiting successful companies across the tech and beauty industries. His notable ventures include TULA Skincare (acquired by Procter & Gamble), Troops.ai (acquired by Salesforce), and Spinback (acquired by Buddy Media, later Salesforce). Dan's entrepreneurial journey, which began in his teens, has earned him a rep as one of the "coolest people in New York tech" by Business Insider.
Beyond his business acumen, Dan is an active angel investor, advisor, and philanthropist. When not building companies, Dan can be found at New York Giants games, on the golf course, or volunteering for rescue operations at Mount Snow, Vermont. His life philosophy is simple: "I am, and will forever be, a student."
Connect with Dan Reich on:
- Linkedin: https://www.linkedin.com/in/danreich/
- X: https://x.com/DanReich
- Website: https://danreich.com/
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