Ep 407 Bootstrapping His Way to $23 Million Exit with Lloyed Lobo
Built to Sell Radio · John Warrilow
September 15, 20231h 16m
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Show Notes
In 2017 Lloyed Lobo and his partner, Alex Popa, founded Boast, a software application designed to simplify the process of applying for research and development tax credits. The bootstrapped company struck a chord with customers that found the process of applying for R&D tax credits cumbersome. By 2020 Lobo and Popa had built Boast to more than $5 million in revenue when they agreed to a $23 million majority recapitalization from Radian Capital.