Ep. 16 The Pivot
Built to Sell Radio · Hosted by John Warrillow, the creator of The Value Builder System™.
October 21, 201535m 15s
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Show Notes
Andrew Yang had built Manhattan GMAT into an $11 million business when Kaplan Test Prep, an 800-pound gorilla in the education business, threatened legal action against his company. Rather than react defensively, Yang sought to build a relationship with Kaplan executives, who would eventually go on to buy Manhattan GMAT for more than 8 times EBITDA. To see how Yang turned a potential crisis into a clean offer of more than 8 times EBITDA.