Eckfeldt + Associates

From Angel to Exit

Episode Archive.

Every conversation since the show began in June 2025, newest first. Founders, investors, and advisors talk through what really happens when you build, scale, and sell a company, including the parts most people only learn the hard way. Each episode page has the full video and a summary, and most have a full transcript. Filter by topic, or search for a guest, a company, or a subject.

Latest Episode From Angel to Exit, episode 58, with Kyle Ewing From Founder Dependence to Freedom: How to Build a Business That Thrives Without You Episode 58, with Kyle EwingListen now →
  1. Episode 58Sep 23, 202644 minScaling and Growth

    From Founder Dependence to Freedom: How to Build a Business That Thrives Without You

    Kyle EwingChairman, Windward Equity

    Why lasting value comes from learning from failure, protecting cash, building systems and the right team, and knowing what you want the business to give you.

  2. Episode 57Sep 2, 202643 minDeals and M&A

    Worried About Your Exit? How to Use an ESOP to Create Liquidity, Tax Benefits, and Employee Wealth

    Lawrence KaplanManaging Director, CSG Partners

    How an ESOP lets owners take money off the table without selling the whole company to private equity or a strategic buyer.

  3. Episode 56Aug 26, 202641 minExit Readiness

    Exit Planning Starts Early: Strengthen Financials and Leadership to Maximize Business Valuation

    Dan BauerFounder, The MBA Exchange

    What makes a business valuable to a buyer, and the everyday decisions that quietly make an exit harder.

  4. Episode 55Aug 19, 202642 minExit Readiness

    Can Your Revenue Scale? Five Questions That Strengthen Your Business Exit Strategy

    Rick McPartlinRevenue science expert

    Why buyers care where your revenue comes from, whether it repeats, and how the business can grow it after the deal.

  5. Episode 54Aug 5, 202647 minScaling and Growth

    How Dream Water Created a New Consumer Category and Achieved a Successful Exit

    David LekachFounder, Dream Water

    How solving problems better than anyone else built a new consumer category and carried it to a successful exit.

  6. Episode 53Jul 29, 202642 minExit Readiness

    Why Custom Systems Hurt Your Exit, and What Founder-CEOs Should Build Instead

    Yarin GaonSerial entrepreneur

    Why more products, customers, and revenue streams can lower value, and what to build instead.

  7. Episode 52Jul 15, 202638 minExit Readiness

    How Systems, AI, and Customer Experience Drive Higher Business Valuations

    Christine McDannellFounder, The Magnolia Firm

    Why buyers pay more for a business that runs without its founder, and how systems and AI get you there.

  8. Episode 51Jun 24, 202644 minDeals and M&A

    How Founder-Led Companies Navigate Acquisitions Without Losing Top Talent

    Jennifer FondrevayFounder, Day 1 Ready

    Why people, not financial models, decide whether an acquisition delivers the value everyone expected.

  9. Episode 50Jun 3, 202647 minLife After the Exit

    The Exit Readiness Mistake Most Founders Make Before Selling Their Business

    Ana ChaudFounder, Garden Bar

    The story behind Garden Bar, and what she learned scaling, selling, and moving beyond founder life.

  10. Episode 49May 14, 202641 minScaling and Growth

    The Leadership Hiring Strategy That Helped Scale and Successfully Exit Twice

    Carl KutsmodeExecutive recruiting entrepreneur

    How the right leadership hires helped him scale and exit two businesses in talent acquisition.

  11. Episode 48Apr 29, 202652 minLife After the Exit

    What Jeff Corn Learned About Co-Founders, Exit Strategy, and Who You Are After the Deal

    Jeff CornFounder, Virtuance

    A candid look at building Virtuance, selling it, and the questions of identity that follow the deal.

  12. Episode 47Apr 22, 202642 minExit Readiness

    Unprepared for a Business Exit? Use Strategic Planning to Maximize Valuation Outcomes

    Laurie BarkmanFounder and CEO, Business Transition Sherpa

    What to do when an unexpected acquisition offer arrives before you are ready for it.

  13. Episode 46Apr 6, 202645 minBuyers and Investors

    Struggling to Maximize Exit Value? Master Buy-Side M&A Strategy for Higher Valuations

    Clay RisherManaging Director, TrueNorth Capital Partners

    How buyers actually think, and how founders can use that to run a better sale process.

  14. Episode 45Mar 4, 202644 minDeals and M&A

    Can't Find a Clear Buyer for Your Niche Business? Reframe the Story to Create an Exit Path

    Johnny LeHaneExited founder and investor

    How WAKA grew from a bar-napkin idea, and how to find an exit when a business is not built to sell.

  15. Episode 44Feb 25, 202639 minExit Readiness

    Struggling to Attract the Right Buyer? Position Your Company Early to Maximize Exit Value

    Elizabeth SheaFounder, SpeakerBox

    How positioning a company early shapes which buyers show up and what they will pay.

  16. Episode 43Feb 18, 202648 minBuyers and Investors

    Inside Private Equity Due Diligence: What Founders Must Fix Before an Exit

    Chris MarescaSeven-time exit founder

    What private equity buyers dig into, and what founders must fix before they go to market.

  17. Episode 42Feb 10, 202649 minLife After the Exit

    The Hidden Psychology of Selling Your Business: Prepare for Exit Without Regret

    Denise LoganAuthor, The Seller's Journey

    Why the emotional transition is the riskiest part of a sale, and how to prepare for it.

  18. Episode 41Feb 3, 202641 minBuyers and Investors

    Too Small to Sell? The Strategy Renovus Uses to Turn Micro-Caps into Market Leaders

    Lee MinkoffManaging Director, Renovus Capital Partners

    How private equity looks at founder-led service businesses that seem too small to sell.

  19. Episode 40Jan 26, 202645 minScaling and Growth

    The Invisible Rules of Credibility: Inside Ujwal Arkalgud's Journey to a High-Margin Exit

    Ujwal Arkalgud

    How cultural insight won Fortune 500 clients and turned a services firm into a high-margin exit.

  20. Episode 39Jan 20, 202648 minDeals and M&A

    From Lifestyle to Legacy: How Strategic Acquisitions Multiplied This Agency's Value Before Exit

    Peter Lang

    How buying other companies helped him scale faster and exit several businesses without outside capital.

  21. Episode 38Jan 12, 202644 minScaling and Growth

    From Bankrupt to $8M EBITDA: How Tim Murphy Revived Boomer Parks with PE Discipline

    Tim MurphyFormer CEO, Boomer Parks

    How a bankrupt amusement park group became a profitable business ready for private equity.

  22. Episode 37Jan 7, 202643 minLife After the Exit

    Why 75% of Founders Regret Selling, and How to Avoid It with Better Planning

    Scott SniderPresident, Exit Planning Institute

    Why he faced an identity crisis after selling at 24, and how founders can avoid regret after the sale.

  23. Episode 36Dec 29, 202544 minDeals and M&A

    Outgrown the Broker, Ignored by the Banker? How to Sell in the Lower Middle Market

    Karl SigeristManaging Director, Shaughnessy Group

    Why so many lower middle market deals fail, and how to prepare for a high-value exit.

  24. Episode 35Dec 22, 202543 minExit Readiness

    Avoiding the Shiny Penny: How to Stay Focused and Maximize Your Business Exit

    Walter Paulsen

    Lessons from turning down an offer and decades of founding, scaling, and selling in Silicon Valley.

  25. Episode 34Dec 15, 202543 minDeals and M&A

    Earnouts, Exit Fatigue, and Valuation Games: A Founder's Guide to Surviving M&A

    Mital MakadiaPartner, Grellas Shah

    The legal and strategic mistakes founders most often regret at exit, and how to avoid them.

  26. Episode 33Dec 8, 202547 minDeals and M&A

    Inside a Founder's Exit Journey: Structuring for Scale, Earning Trust, and Choosing the Right Buyer

    Wesley PortegiesFounder, MedComms Experts

    How building solid systems prepared his firm for an exit before he ever planned one.

  27. Episode 32Dec 1, 202542 minScaling and Growth

    How Founder Complacency Kills Value, and What Scott Allison Did Differently

    Scott AllisonCo-founder, Allison Marketing

    How he scaled a boutique PR firm into a global agency, and why complacency costs founders value.

  28. Episode 31Nov 24, 202544 minDeals and M&A

    How to Avoid Deal Disasters: Why Founder-CEOs Need a Dedicated M&A Lawyer Before Selling

    Chad WilliamsPartner, Lamb McErlane

    Why every founder needs an M&A lawyer, and how to handle LOIs, earnouts, and non-competes.

  29. Episode 30Nov 10, 202544 minScaling and Growth

    From Broke to Multi-Exit Founder: How Solving Real Problems Built Two 7-Figure Companies

    Travis LutherFounder, Moso Pillow

    How building and selling Queen Anne Pillow and TrialLine both started with solving a real problem.

  30. Episode 29Nov 3, 202546 minLife After the Exit

    Founder Fatigue, Deal Drama, and the Power of Values in a Successful Business Exit

    Gregg LedermanFounder, A Great Life Now

    The emotional toll, deal setbacks, and values behind selling his SaaS company to a global buyer.

  31. Episode 28Oct 23, 202543 minScaling and Growth

    Burned by Broad Services? How Specialization Scaled Pedestal Search to a Successful Exit

    Aaron LevenstadtFounder, Pedestal Search

    How narrowing services and understanding buyers led to a successful agency exit.

  32. Episode 27Oct 13, 202550 minScaling and Growth

    Struggling With Niching? How Erik Olson Used SEO and Structure to Scale 3 Agencies

    Erik J. OlsonFounder, Array Digital

    How niche verticals, systems, and recurring revenue helped him build three agencies.

  33. Episode 26Oct 6, 202547 minDeals and M&A

    How to Sell the Same Company Twice, and Exit With More Every Time

    Matthew PorterCo-founder, EONOVA

    How he bootstrapped a data center company, grew it through acquisition, and sold it twice.

  34. Episode 25Sep 29, 202546 minDeals and M&A

    How to Buy 24 Companies with No Cash and Sell for a 14x Multiple: John Ratliff's Playbook

    John RatliffFounder, Appletree Answers

    How a call center business grew through 24 acquisitions and sold at a 14x multiple.

  35. Episode 24Sep 22, 202542 minExit Readiness

    Think You're Exit Ready? Neil Schaffer's 1,000-Day Rule Will Change Your Mind

    Neil SchafferCEO, Carlton Advisors

    What it really takes to exit well, and why preparation starts a thousand days out.

  36. Episode 23Sep 15, 202544 minScaling and Growth

    How Robert Heil Doubled Growth by Rebuilding Strategy Around Client Value Creation

    Robert HeilCEO, Financial Aid Services

    Lessons from scaling EdTech ventures, leading M&A deals, and taking the CEO seat after a founder exit.

  37. Episode 22Sep 8, 202548 minLife After the Exit

    How Bootstrapping With $1,500 and Cold Calls Built a Multi-Million Dollar Ad Business

    Matthew Diteljan

    How a $1,500 startup became a national ad platform, and the hard lessons from a buyout and burnout.

  38. Episode 21Sep 1, 202542 minDeals and M&A

    Facing a Runway Crisis? How Employee Deferrals Secured Roy Vella a Successful Acquisition

    Roy VellaCo-founder, NetAbacus

    How his team kept the company alive after a lost funding round and still reached an acquisition.

  39. Episode 20Aug 25, 202538 minLife After the Exit

    Struggling to Scale Your Expertise? How Thomas Michael Turned SAP Training into a 7-Figure SaaS Exit

    Thomas Michael

    How he scaled an online training company, sold it with no earnout, and what came after.

  40. Episode 19Aug 18, 202539 minExit Readiness

    Managing Mid-Performer Assets: A Tactic for Founders Facing M&A Stagnation

    Frank WilliamsonCEO, Oaklyn Consulting

    What to do when a business performs decently but falls short of its growth or exit goals.

  41. Episode 18Aug 11, 202551 minDeals and M&A

    From Near Bankruptcy to 10X Exit: How Sam Arman Mastered the Art of Selling Businesses

    Sam ArmanSerial entrepreneur

    How he built and sold several companies, some under pressure and one for a 10x private equity exit.

  42. Episode 17Jul 28, 202537 minScaling and Growth

    Building Brand Equity for Scalable Growth and Maximizing Business Exit Value

    Lysle WickershamAgency founder

    How brand equity drives enterprise value, from scaling a $170M agency through several exits.

  43. Episode 16Jul 28, 202539 minBuyers and Investors

    Inside 47 Acquisitions: What Experienced Buyers Look for in a Successful Acquisition

    David TurnerCEO, Velocity Now

    What a buyer behind 47 acquisitions looks for, and what really drives a successful exit.

  44. Episode 15Jul 21, 202545 minScaling and Growth

    How Leslie Adams Scaled and Sold a Multi-Generational Scrap Metal Business

    Leslie Kraatz AdamsFounder, A Work of Heart

    How she grew a third-generation family business and carried it through an exit.

  45. Episode 14Jul 14, 202540 minDeals and M&A

    Inside a Rapid M&A Deal: How Calvin Johnson Prepared Lykki for a Fortune 500 Exit

    Calvin JohnsonFounder, Lykki

    How he built an office supply and coffee delivery company and sold it to a Fortune 500 buyer.

  46. Episode 13Jul 7, 202537 minBuyers and Investors

    Inside Cannabis Private Equity: Scalable Models, Smart Terms, and Investor Strategy

    Jordan YoukilisFounding Partner, Key Investment Partners

    The challenges and opportunities founders face when they raise from cannabis investors.

  47. Episode 12Jun 30, 202545 minLife After the Exit

    Lessons from Four Exits: How Pete Martin Built, Scaled, and Sold Without Regrets

    Pete Martin

    Lessons from four exits, including a 12x EBITDA sale to KPMG.

  48. Episode 11Jun 23, 202536 minScaling and Growth

    How Alan McLaren Scaled Two Agencies, Built a Personal Branding Powerhouse, and Prepped for Exit

    Alan McLarenCo-founder, Strata Originals

    How he scaled two agencies and now helps founders build a personal brand ahead of an exit.

  49. Episode 10Jun 16, 202552 minDeals and M&A

    Behind the Exit: Lessons from Ross Shanken's Nine-Figure Journey with Jornaya

    Ross ShankenFounder and former CEO, Jornaya

    The frameworks and hard moments behind building Jornaya and guiding it to a nine-figure exit.

  50. Episode 9Jun 16, 202544 minScaling and Growth

    From Coffee Brand Success to Corporate Governance Mastery: Joshua Maidan on Scaling and Exiting Right

    Joshua MaidanEntrepreneur and investor

    How he built a premium coffee brand, and what good governance means for scaling and exiting.

  51. Episode 8Jun 16, 202543 minDeals and M&A

    Inside Middle Market M&A: What Every Business Owner Must Know Before Selling

    Bill SnowManaging Director, Focus Investment Banking

    Blunt truths about middle market M&A from nearly two decades on the inside.

  52. Episode 7Jun 16, 202544 minDeals and M&A

    Lessons from a Failed M&A to a Successful Exit: The Founder Story Behind ClassTag

    Vlada LotkinaFounder, ClassTag

    How a failed deal set up a successful exit for her EdTech company.

  53. Episode 6Jun 16, 202545 minDeals and M&A

    From Side Hustle to Strategic Exit: Lessons from Scaling Unique World

    Eddie GellerFounder, Unique World

    The road from early web services to a high-stakes M&A exit.

  54. Episode 5Jun 16, 202550 minScaling and Growth

    From Bootstrap to Buyout: Scaling Tech Startups with Strategic Go-to-Market and Exit Fit

    Shreesha RamdasSerial entrepreneur

    His startup fitness framework and lessons from building and selling several tech companies.

  55. Episode 4Jun 16, 202545 minScaling and Growth

    How Shawn Freeman Scaled an MSP to $5M and Exited at 1.4x Revenue

    Shawn FreemanMSP founder

    How a tech side hustle became a $5M managed services business and sold at 1.4x revenue.

  56. Episode 3Jun 16, 202539 minExit Readiness

    From Clarity to Close: Strategizing Your Ideal Business Exit

    Suren KapseM&A and exit strategy advisor

    How founders can get clear on the exit they want and prepare to close it.

  57. Episode 2Jun 16, 202547 minBuyers and Investors

    Unlocking the Second Bite: Maximizing Business Exits

    Todd TaskeyM&A advisor and angel investor

    How to structure cash, equity, and earnouts, and get a second bite with private equity.

  58. Episode 1Jun 16, 202545 minLife After the Exit

    From Founding to Exit: Scaling Mass Communications and Life After

    Darren MassFounder, Mass Communications

    His path from launch to acquisition, and what life looks like after the sale.

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