The market for digital assistants is booming. Apple has Siri, Amazon has Alexa and Google has Google Assistant. Now, thanks to Charles Jolley, Facebook has Ozlo, a digital assistant designed to outsmart Siri and Alexa at their own game.
Ozlo was Jolley’s third exit and his second to Facebook (he sold the other company to Apple), and in this episode, you’ll learn:
- The one common denominator among founders who achieve the very best exits
- Under what conditions you should say no to an $80 million acquisition offer
- How to approach buyers about an acquisition without compromising your negotiating leverage
- When to be a “selfish entrepreneur”
- How and when to tell your employees you’re thinking of selling
- The dirtiest trap acquirers try to lay for founders in a negotiation (and how to neutralize it)
Jolley started Ozlo with an understanding of how much he would be willing to sell the company for. Have you considered your “walk away” number? If not, that’s something we’ll contemplate together in Module 12 of The Value Builder System™—get started now by completing your Value Builder questionnaire.
About Charles Jolley
Charles is an investor and serial entrepreneur who has started and sold multiple tech companies, including two sold to Facebook in 2011 and 2017. In between his own companies, Charles also spent time at Apple, where he helped launch iCloud, and Facebook, where he ran the Platform and Android apps.
Charles focus is on next generation technologies that can impact our everyday lives, ranging from next generation water treatment to artificially intelligence digital assistants. Today he is spending his time traveling, investing, and planning his next venture.
Twitter handle: @okito
Do You Know An Entrepreneur With A Story To Tell?
We’re constantly on the prowl for interesting stories from owners who have sold their businesses. We look for owners who have sold a business that was generating $1 million or more in revenue, who are willing to share their story candidly with our community. Forbes ranked Built to Sell Radio one of their top 10 podcasts for entrepreneurs and we have more than 100,000 downloads, so your story will get shared with a great community of like-minded owners. Nominate yourself or someone you know today.
At Built to Sell we’re all about shifting the balance of power from the buyer to the seller. If you support our mission, please write a review on iTunes—and if you have any comments or questions you can find us on Twitter and Facebook. Tune in every Wednesday for another episode of #BuiltToSell Radio with John Warrillow.
You know you’re not supposed to say you want to sell your business, so how do you get someone interested in wanting to buy it?
David Fairley estimates he has sold more than 20 online properties but admits it was the sale of Hammocks.com—one of his first exits—that taught him the most.
What’s Your Business Worth?
Take the 13-minute survey and get your Value Builder Score
The Value Builder Score was inspired by the book, Built to Sell. It was created to help business owners like you build more valuable companies. Join more than 30,000 entrepreneurs by getting your free Value Builder Score, and find out how valuable your company really is.
Get Your Score Now It’s free and 100% confidential.