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314. How a UK Grad Bootstrapped a Startup to an $84M Exit: The Story of Silas Deane & VendEngine
Manage episode 482265067 series 2240483
Content provided by Middle Tech. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Middle Tech or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Silas Deane is a founder, serial entrepreneur, and University of Kentucky graduate who bootstrapped his company, VendEngine, from a back-of-the-napkin idea to an $84 million exit. VendEngine serves correctional facilities, providing a solution that transforms how families support incarcerated loved ones. With no outside funding, Silas grew the company steadily over 12 years, leading to an $84 million acquisition by Tyler Technologies. His accomplishments recently earned him a place in UK's Gatton College of Business and Economics Hall of Fame, a recognition of his successes since his time at UK.
In this episode, Silas shares how he navigated the Dot-Com boom and bust, the challenges of bootstrapping a tech company, and the strategies he used to scale VendEngine in a complex industry.
Expect to learn how Silas approached building technology solutions for underserved markets, why he never raised capital for the business, and what advice he has for entrepreneurs looking to grow without outside capital.
Middle Tech is proudly supported by:
KY Innovation → kyinnovation.com
483 episodes
Share
Manage episode 482265067 series 2240483
Content provided by Middle Tech. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Middle Tech or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Silas Deane is a founder, serial entrepreneur, and University of Kentucky graduate who bootstrapped his company, VendEngine, from a back-of-the-napkin idea to an $84 million exit. VendEngine serves correctional facilities, providing a solution that transforms how families support incarcerated loved ones. With no outside funding, Silas grew the company steadily over 12 years, leading to an $84 million acquisition by Tyler Technologies. His accomplishments recently earned him a place in UK's Gatton College of Business and Economics Hall of Fame, a recognition of his successes since his time at UK.
In this episode, Silas shares how he navigated the Dot-Com boom and bust, the challenges of bootstrapping a tech company, and the strategies he used to scale VendEngine in a complex industry.
Expect to learn how Silas approached building technology solutions for underserved markets, why he never raised capital for the business, and what advice he has for entrepreneurs looking to grow without outside capital.
Middle Tech is proudly supported by:
KY Innovation → kyinnovation.com
483 episodes
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Similar to Middle Tech
Africa-focused technology, digital and innovation ecosystem insight and commentary.
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continue reading
Show notes are at https://stevelitchfield.com/sshow/chat.html
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continue reading
The American healthcare system is one of the most innovative in the world. But it’s also riddled with complex challenges, such as access to affordable medications, inefficiency and administrative burdens, and communication barriers between providers. There’s clearly a better way—and at Surescripts, we have a unique sightline into what that may be. In this series, host Melanie Marcus, Chief Marketing Officer of Surescripts, sits down with today’s most inspiring and innovative leaders in healt ...
…
continue reading
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…
continue reading
The power of Data is undeniable. And unharnessed - it’s nothing but chaos. Making data your ally. Using it to lead with confidence and clarity. Host Jess Carter is solving problems in real-time to reveal what’s possible. Helping communities and people thrive. This is Data Driven Leadership, a show brought to you by Resultant.
…
continue reading
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…
continue reading
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…
continue reading
The director’s commentary track for Daring Fireball. Long digressions on Apple, technology, design, movies, and more.
…
continue reading
We help founders make something people want.
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continue reading
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