Shakil Prasla is the Founder and Managing Partner of SZ Ventures, an investment firm that specializes in acquiring, managing and growing e-commerce companies. He has reviewed more than his fair share of pitches born on Amazon private label brands looking to exit. As an entrepreneur and investor, Shakil has over a dozen acquisitions across multiple e-commerce industries, including prescription eyewear, metal promotional products, fitness gear, fashion accessories, and more.
Shakil was born in Austin, Texas, and holds a BBA from University of Texas in Austin and an MBA from the Acton School of Business.
In this episode…
When Shakil Prasla first started buying online businesses, he made a number of mistakes—at times he asked the wrong questions, or failed to do due diligence, or kept the original seller as a partner for only a short period of time. However, while growing his investment firm exponentially over the past seven years, Shakil has successfully learned the tricks of the trade.
According to Shakil, one of the top lessons he has learned is to keep the seller involved in the business for at least 90 days. As he says, the knowledge that the seller acquires over the duration of running a business is invaluable, and it cannot all be shared within a short period of time. With this advice, and so much more, Shakil wants to help other investors successfully buy and operate online businesses.
In this episode of the Buy Box Experts podcast, host James Thomson interviews Shakil Prasla, the Founder and Managing Partner of SZ Ventures, about his experience buying and growing online businesses. Shakil explains how he started his investment firm, what he has learned over the years, and his advice to investors looking to successfully acquire a business on Amazon. Stay tuned.