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Creating MaxPreps Sports Media Juggernaut, and Selling It To CBS | Andy Beal

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Manage episode 356067607 series 3390149
Content provided by Exitwise and Todd Sullivan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Exitwise and Todd Sullivan 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.

E23: On Episode 23 of the Cashing Out podcast, we have a special guest, good friend, and founder of MaxPreps, Andy Beal. In 2002, Andy launched MaxPreps which became one of America's top sports media properties, and it was the pre-eminent online source for high school schedules, scores, statistics, and video highlights. In 2007, Andy made the decision to sell MaxPreps to CBS Interactive for $43M. Andy stayed on with MaxPreps serving as its President for the next 13 years until he left CBS in 2020.

In today's conversation Andy and I talk about the debate over selling MaxPreps instead of raising more capital, and how having a great Board of Directors can help set you up for a really successful exit.

A few episode highlights:

(10:08) ... The thesis behind the creation of MaxPreps, and how it disrupted an entire industry

(13:10) ... How a lunch and a milkshake at Red Robin lead to a perfect company name

(23:08) ... Building the perfect M&A team to get to a successful exit

(38:41) ... EXIT OVERTIME: Who did you call? / How did you celebrate? / How did you reward yourself?

I hope you enjoy my conversation with Andy Beal.

  continue reading

68 episodes

Artwork
iconShare
 
Manage episode 356067607 series 3390149
Content provided by Exitwise and Todd Sullivan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Exitwise and Todd Sullivan 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.

E23: On Episode 23 of the Cashing Out podcast, we have a special guest, good friend, and founder of MaxPreps, Andy Beal. In 2002, Andy launched MaxPreps which became one of America's top sports media properties, and it was the pre-eminent online source for high school schedules, scores, statistics, and video highlights. In 2007, Andy made the decision to sell MaxPreps to CBS Interactive for $43M. Andy stayed on with MaxPreps serving as its President for the next 13 years until he left CBS in 2020.

In today's conversation Andy and I talk about the debate over selling MaxPreps instead of raising more capital, and how having a great Board of Directors can help set you up for a really successful exit.

A few episode highlights:

(10:08) ... The thesis behind the creation of MaxPreps, and how it disrupted an entire industry

(13:10) ... How a lunch and a milkshake at Red Robin lead to a perfect company name

(23:08) ... Building the perfect M&A team to get to a successful exit

(38:41) ... EXIT OVERTIME: Who did you call? / How did you celebrate? / How did you reward yourself?

I hope you enjoy my conversation with Andy Beal.

  continue reading

68 episodes

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