Secret Leaders

Photobox and Moonpig: Selling to your competitor and the art of the exit

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Sinopse

Ever wonder what goes on behind the scenes when one well-known start up buys another well-known start up?  Well, wonder no more.  You’ve heard us talk to both Nick Jenkins (founder of Moonpig) and Graham Hobson (founder of Photobox) in Series One. But we thought it would be fun to bring them together and have a Q&A with them, side by side.  So that’s just what we did.  Because you normally only hear the side of the story from the founder who sold their company. You rarely, if ever, hear the story from the founder who bought the company being sold. In this case the wildly successful personalised e-card company, Moonpig.com, that sold for £120m to photo printing giants, Photobox in 2011, which then itself went onto sell for a reported £400m+. You’re in for a treat today - you get to hear from both sides - the good, the bad and the ugly of what happens during a M&A. That and you get a bucket load of advice from two Angel investors who between them have sunk a lot of money into the next generation of start ups.