Wavve Acquired By Calm Capital
by Baird HallWavve has been acquired by Calm Capital (https://calmcapital.com).
Towards the end of last year, we started to realize that the skills needed to take a company from zero to one compared to the skills needed to take it from a one to a ten are not the same. We love creating. But that’s not what Wavve needs right now. It needs seasoned business operators.
When you’re a founder and you’re running a growing, bootstrapped SaaS company, you can feel a lot of risk when your company equity is the majority of your net worth. A lot of bootstrapped founders don’t talk about this much. But as we started families and got older, we all wanted to take some risk off the table.
After examining the situation from different angles (and knowing that we weren’t interested in a sabbatical), we knew that selling the business was the most attractive path. But deciding that we were ready to sell led us to a whole new set of challenges.
Check out this blog post that details out why we sold, how we did it, and why we went with Calm Capital: https://churnkey.co/blog/wavve-has-been-acquired-by-calm-capital
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Hey Baird, congrats on this result. Would love to get you on my podcast to talk about this acquisition and also your new company.
Yaro
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Would love to. Let's do it. My email is listed in my IH profile.
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Congrats Baird, super happy for you guys!
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whoa! congrats!
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I remember hearing your podcast here in IH.
Inspiring story, hard work, pivoting, smart moves... 💪
Well deserved! 👌
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Congrats! Great post, too - wish more founders provided such an approachable perspective on M&A transactions along with practical tips.
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Thanks! Calm Capital has been awesome and were totally open to us writing about our experience. It's been nice to share the details we wish we'd known more about when we were first considering a sale way back in 2019.
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