Buying for $600k, Selling for $35m

Acquiring Minds · Dec 1, 2025 · 1h 40m

Jake Bittner bought an unprofitable carve-out doing $3m. A key pivot grew revenue to $20m and got the attention of PE.

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Topics in Jake’s interview:

Building a nest egg before leaving his job

Fallout from his father’s failed businesses

Calculating the value of a business losing money

Disliking the bureaucracy of large companies

Joining his friend to run a distressed company

Employee war stories

Changing the service they offered

Achieving 60% margins

Boosting customer retention

Selling the company for 11x…