GUEST INTRO
Ryan Niddel is the CEO of MIT45, an ecommerce brand that sold nearly $75M USD worth of Kratom products in 2022.
He’s also the President and CEO of South Sea Ventures, a private equity fund, and he sits on the board of directors for several other companies.
Ryan has helped with the acquisition or exit of more than 11 companies while seeing their collective revenue surpass more than $237M.
Ryan has successfully tripled the revenue of more than 5 companies in under 2 1/2 years adding an extra $950M in valuation to these companies.
WHAT YOU LEARN
What is Kratom?
Do you have lab reports proving your claims?
What is a COA?
What is a GMP?
Who tours the production facilities in Indonesia?
What were some large issues you saw at $5M that would prevent MIT45 from growing?
What are LIFO/FIFO for accounting?
Which is better?
What is cash-based accounting and accrual-based accounting?
How did you get from $5M to $25M?
How did you get from $25M to $50M?
How did you get from $50M to $75M?
What are the two types of decisions?
What would make you want to sell instead of IPO?
Do you offer an IRA/401K/HSA matching plan?
EPISODE LINKS
WATCH ON YOUTUBE
https://www.youtube.com/watch?v=JtyS1-E0pzo
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