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Daniel Priestley

05/27/25

@ Chris Williamson

A lifestyle business is often built around the founder's brand and is not typically worth selling, as it is founder-dependent. In contrast, a performance business has a larger team and recurring revenue, making it more attractive for sale.

Video

Secrets For Building A Thriving Business - Daniel Priestley

@ Chris Williamson

Secrets For Building A Thriving Business - Daniel Priestley

05/27/25

Related Takeaways

Daniel Priestley

05/27/25

@ Chris Williamson

When selling a business, it's crucial to have a core team that will remain after the sale, recurring revenue contracts, and proprietary assets. These factors significantly increase the business's valuation.

Jessica Livingston

07/25/17

@ Y Combinator

Founders of really huge startups are exceptionally driven and often see their company as their life's work, making them unwilling to sell or be acquired.

Gustaf Alströmer

12/30/22

@ Y Combinator

Startups are often easier to sell to than larger companies because they have shorter decision-making processes and less bureaucracy, allowing for quicker sales cycles.

Daniel Priestley

05/27/25

@ Chris Williamson

High volume, low value businesses, like food and drink, are often dead ends for entrepreneurs due to scalability issues and high operational costs.

Daniel Priestley

05/27/25

@ Chris Williamson

B2B services are a great business model because they often require fewer sales to generate significant revenue, allowing for higher profitability with less volume.

Harj Taggar

11/02/22

@ Y Combinator

It's common for founders' motivations to change over time, and many who initially planned to sell their company later find enduring reasons to continue.

Dalton Caldwell

01/12/24

@ Y Combinator

If a technical founder is solving their own problem, they may not need a business co-founder, as they are likely capable of handling sales, fundraising, and customer interactions themselves.

Mark Cuban

03/30/24

@ Lex Fridman

No business has ever survived without sales, so being able to sell is vital for an entrepreneur.

Y Combinator Cast

02/06/24

@ Y Combinator

Building a successful small business can be just as valuable as a venture-backed startup, and it can generate millions of dollars without needing venture capital.