<description>&lt;p&gt;In this Resilience Unravelled episode, Alexis Sikorsky, a Swiss entrepreneur based in London, recounts building an internet café/ISP in Senegal, fleeing the country with only a suitcase, then returning to Geneva to grow a banking software and internet development business to about $10–11M revenue before the 2008 financial crisis cut 75% of revenue in a day. &lt;/p&gt;&lt;p&gt;After years of survival, he rebuilt to breakeven and sold to private equity on an 11x EBITDA deal with 85% cash and 15% earnout, emphasising that PE deals involve uneven information and founders should do diligence on acquirers by speaking to prior CEOs. &lt;/p&gt;&lt;p&gt;He discusses why most people shouldn’t be entrepreneurs, differentiates “having a job” from owning a company, advises seeking free mentors who’ve done what you’re doing, warns about conflicts with PE-paid advisors and small-company investment banks, explains when to avoid investment unless necessary, and describes his book Cashing Out and his initiative Night Scale to help firms stuck at $5–50M revenue using mission-based, part-time C-level expertise.&lt;/p&gt;&lt;p&gt;00:00 Welcome &lt;/p&gt;&lt;p&gt;00:43 From Geneva to Dakkar&lt;/p&gt;&lt;p&gt;02:03 Building and Losing It All&lt;/p&gt;&lt;p&gt;03:20 Private Equity Exit Playbook&lt;/p&gt;&lt;p&gt;06:24 Chairman Life and Retirement&lt;/p&gt;&lt;p&gt;09:23 Who Should Be Entrepreneur&lt;/p&gt;&lt;p&gt;11:57 Mentors and Real Advice&lt;/p&gt;&lt;p&gt;16:14 Due Diligence on Buyers&lt;/p&gt;&lt;p&gt;21:30 Investment vs Exit Decisions&lt;/p&gt;&lt;p&gt;24:00 Why I Wrote Cashing Out&lt;/p&gt;&lt;p&gt;26:05 Night Scale and Growth Plateaus&lt;/p&gt;&lt;p&gt;27:49 Social Media Reality Check&lt;/p&gt;&lt;p&gt;28:47 Final Thoughts and Goodbye&lt;/p&gt;&lt;p&gt;You can contact us at info@qedod.com&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Resources can be found online or link to our website https://resilienceunravelled.com&lt;/p&gt;</description>

Resilience Unravelled

Russell Thackeray

Alexis Sikorsky on Entrepreneurship, Private Equity Exits, and Getting Unstuck at Scale

MAR 2, 202630 MIN
Resilience Unravelled

Alexis Sikorsky on Entrepreneurship, Private Equity Exits, and Getting Unstuck at Scale

MAR 2, 202630 MIN

Description

In this Resilience Unravelled episode, Alexis Sikorsky, a Swiss entrepreneur based in London, recounts building an internet café/ISP in Senegal, fleeing the country with only a suitcase, then returning to Geneva to grow a banking software and internet development business to about $10–11M revenue before the 2008 financial crisis cut 75% of revenue in a day. After years of survival, he rebuilt to breakeven and sold to private equity on an 11x EBITDA deal with 85% cash and 15% earnout, emphasising that PE deals involve uneven information and founders should do diligence on acquirers by speaking to prior CEOs. He discusses why most people shouldn’t be entrepreneurs, differentiates “having a job” from owning a company, advises seeking free mentors who’ve done what you’re doing, warns about conflicts with PE-paid advisors and small-company investment banks, explains when to avoid investment unless necessary, and describes his book Cashing Out and his initiative Night Scale to help firms stuck at $5–50M revenue using mission-based, part-time C-level expertise.00:00 Welcome 00:43 From Geneva to Dakkar02:03 Building and Losing It All03:20 Private Equity Exit Playbook06:24 Chairman Life and Retirement09:23 Who Should Be Entrepreneur11:57 Mentors and Real Advice16:14 Due Diligence on Buyers21:30 Investment vs Exit Decisions24:00 Why I Wrote Cashing Out26:05 Night Scale and Growth Plateaus27:49 Social Media Reality Check28:47 Final Thoughts and GoodbyeYou can contact us at [email protected] can be found online or link to our website https://resilienceunravelled.com