How You Survive an Unprofitable Business
Sean Peace has a captivating story to tell about selling and exiting an unprofitable business in a unique niche: a fintech startup dealing with entertainment in the Southeast. In 2013, he founded Royalty Exchange, an auction marketplace selling music royalty streams as memorabilia to the highest bidding fans. After two years and $100K in revenue, the company landed $2 million in venture capital financing to accelerate their growth – or so they thought.
0:20 – 2:22 Background on SongVest leading up to Royalty Exchange business idea
2:23 – 3:49 Formation of Royalty Exchange and running it for…
The skinny
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