Refugee to Global Entrepreneur - What Lloyed Lobo Learned Building Boast.AI & Traction
EPISODE 54: THIS WEEK'S GUEST - LLOYED LOBO
In this episode, Lloyed shares:
In this episode, Lloyed shares:
- His views on how outsourcing the financial role to professionals helps when it's time to sell the business
- How bootstrapping (vs. Venture Capital) allowed him to sell on his timetable
- Why building community is a key differentiator and value driver in any business and even more when it's time to sell
GUEST BIO:
Lloyed Lobo is an incredible, self-made entrepreneur. As a Kuwaiti refugee and former engineer turned serial entrepreneur, Lloyed co-founded and built boast.ai, a company helping businesses access R&D tax credits and innovation incentives, to $10 million of ARR. He also co-founded Traction, a nonprofit that brings together more than 120,000 entrepreneurs and innovators to share lessons on scaling startups. Lloyed sold a majority stake in boast.ai to a growth capital firm, which not only allowed him and his co-founder to create the personal liquidity they both needed for the next stages of their lives, but they were also able to maintain a substantial portion of equity in the business.
Lloyed is full of poignant, entrepreneurial and personal anecdotes to succeed in business and in M&A.
We hope you enjoyed my conversation with Lloyed Lobo.
WHERE TO FIND LLOYED LOBO:
X (Twitter)
EPISODE REFERENCES AND READING MATERIAL:
Get Lloyed’s new book, 'From Grassroots To Greatness: 13 Rules to Build Iconic Brands with Community Led Growth' (Top New Release on Amazon)
BOAST.AI
Traction
What Is Bootstrapping? (blog)
Ten Best M&A Podcasts For Entrepreneurs and Business Owners (blog)
