The Exit Whisperer

The Exit Whisperer

By Carrie KerpenBusinessEntrepreneurship
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The Exit Whisperer episodes

  • #56 - Elle Hempen (The Atlas)

    What do you do when you raise venture money… and then realize it’s not the right path? For Elle Hempen, co-founder of The Atlas, the answer was bold: sell just one year later.

     

    In this episode, we talk about how a Google spreadsheet turned into a tech company, why she decided to skip the long VC grind, and how she negotiated an exit during the chaos of COVID. From pitching at Y Combinator while 8 months pregnant to getting a cold email from the exact company she dreamed of selling to, Elle’s story is packed with twists, hard choices, and the kind of honesty you rarely hear in startup land.



    2:11 Why Valuing Early-Stage Tech Companies Is So Critical  
    5:00 Building the Atlas Platform From a Real-World Problem  
    6:34 Launching the First Version Back in 2016  
    9:06 Creating a Strong, Scalable Data Infrastructure  
    10:54 Deciding It Was Time to Fundraise for Growth  
    12:29 Applying to Y Combinator to Fuel Expansion  
    15:06 Fundraising in the Middle of a Market Crash  
    17:01 Finding the Right Strategic Investor  
    20:41 Soul-Searching to Determine the Company’s Direction  
    23:12 Valuing the Business Based on Future Potential  
    25:47 Celebrating a Rare and Remarkable Tech Achievement  
    29:02 Reflecting on Five Years of Building and Learning  
    30:40 Exploring What’s Next After the Exit  
    32:23 The Unique Energy of Being an Entrepreneur  
    34:40 Is an MBA Worth It for Founders?  
    36:57 Aligning Education With Real Business Needs  

    38 min
  • #55 - Michelle Caba (718 Beauty Bar)

    Michelle Caba, a former Wall Street professional, transformed a failing nail salon into a successful local business, eventually selling it with a considerable profit. Michelle discusses her journey from Wall Street to business ownership, emphasizing the importance of strategic planning, market research, and innovative services like CBD manicures. Now she helps other business transform digitally to achieve the same growth!



    01:07 – Wall Street Dropout Buys a Nail Salon?!
    02:38 – From Failing Salon to Local Empire
    09:07 – CBD Manicures?! The Wild Strategy That Worked
    15:28 – The Brutal Decision: Why She Finally Sold
    21:25 – Life After Selling: From Salons to Consulting
    24:14 – The Hard Truth Every Entrepreneur Needs to Hear
    27:26 – Her Biggest Lesson (And What She’d Do Differently)

    29 min
  • #54 - Julie Cole (Mabel’s Labels)

    Julie Cole, co-founder of Mabel’s Labels, didn’t just survive the boys’ club of business—she doubled her valuation and sold to industry giant Avery. In this episode, she reveals the messy truth about co-founders, the brutal tricks buyers use to wear you down, and why staying passionate after the sale might be the ultimate win.



    4:29 Turning a Simple Idea Into a Scalable Business  
    6:56 Why Mental Health Support Matters for Founders  
    7:30 Teaching the Market About a Product No One Knows Yet  
    8:11 Leveraging Word of Mouth to Drive Early Growth  
    10:12 The Real Challenges of Co-Founding With Multiple Partners  
    13:08 Why Equity Decisions Matter So Much  
    14:06 Recognizing When It’s Time for a Change  
    15:01 The Unexpected Phone Call About an Acquisition  
    16:14 Negotiating Hard to Protect the Brand and Staff  
    19:34 The Exhaustion and Fatigue of Negotiation  
    20:06 Staying Passionate About Your Brand Through It All  
    21:02 Staying Actively Involved After the Acquisition  
    24:25 Evolving the Business to Meet Changing Customer Needs  

    26 min
  • #53 - Suzanne Shelton (Shelton Group)

    Suzanne Shelton built one of the top sustainability communications agencies in the US from scratch, then shocked the experts by selling it for double her target price. In this episode, she spills the unfiltered truth: the gut-wrenching moments, the bets that almost broke her, and the secrets behind her once-in-a-lifetime exit.



    4:11 Specializing in Energy and Environmental Marketing
    5:49 Leading a $40 Million Environmental Campaign  
    8:11 Why Companies Need Specialized Sustainability Consultants  
    11:06 Payroll Struggles and Growing a Mission-Driven Business  
    12:57 Staying Committed to Sustainability Through Every Challenge  
    15:39 Her Deep Personal Connection to Sustainability Issues  
    17:17 Why Sustainability Matters in Every Sales Conversation  
    19:32 Making Business Decisions Based on Values Alignment  
    21:46 The Power of Mission and Values in Choosing Partners  
    24:34 The Hard Part: Losing Decision-Making Power  
    26:17 Understanding the Timing and Process of Selling a Business  
    28:49 Why Negotiating the LOI Is Absolutely Critical  
    30:54 Working From Passion Instead of Necessity  

    33 min
  • #52 - Erin Wade (Homeroom Restaurant)

    Ever wondered if you could risk it all—your savings, your sanity, your entire career—on a food you love? Erin Wade did just that. Fired from her law job and flat-out rejected by banks, she built a cult mac & cheese restaurant that broke every rule and every record. In this episode, Erin tells the unfiltered truth about betting everything, surviving the chaos, and what it really feels like to sell your “baby” to a VC-backed food giant.


      
    3:05 The Struggle to Secure Funding for the Dream  
    5:38 Friends Fly In From LA to Show Support  
    8:53 Launch Day: Lines Down the Street  
    10:41 Getting Early Product Feedback That Shaped the Menu  
    12:54 Creating a Career and Life You Truly Love  
    14:30 Building a Business Centered Around People  
    16:30 The Decision to Buy Out His Business Partner  
    18:01 Preparing the Next Generation for Leadership  
    19:49 Finding Real Joy in Everyday Business Challenges  
    22:50 Navigating Personal Struggles While Running a Company  
    25:36 Passing the Torch After Selling the Business  
    28:29 Rewriting the Book to Share a More Personal Story  
    31:42 Loving the CEO Role and Leading With Purpose  

    32 min
  • #51 - Ashley Deland (Karmah Restaurant)

    Ever wondered what really happens after you sell your business? Ashley Deland built and sold a top vegan restaurant—then watched the new owners burn it to the ground. In this raw, unfiltered conversation, Ashley and host Carrie Kerpen get brutally honest about burnout, regret, and the secrets nobody tells you about scaling and exiting. This episode is for anyone who thinks selling is the happy ending. Spoiler: it’s just the start of a whole new story.

     

    2:04 Her Journey Through Burnout and Breaking Point  

    6:09 Opening Karma — A New Vegan Restaurant Vision  
    7:10 The Tough Early Challenges Every Restaurant Faces  
    8:28 How She Funded Her Businesses Without Taking On Debt  
    9:12 Pushing Past Doubt in the Entrepreneurial Journey  
    10:56 Scaling the Restaurant With Intention and Strategy  
    13:28 Selling the Restaurant and Building Community Along the Way  
    15:02 Taking a Full Year Off After the Sale  
    16:03 Why Emotional Readiness Matters Before an Exit  
    19:01 Understanding How Much Control You Lose After Selling  
    20:01 Becoming Truly Emotionally Ready to Exit  
    21:06 Why Every Founder Needs an Exit Strategy  
    22:13 Lessons Learned From All Her Past Business Chapters  
    23:02 Launching Her New Book, *Unreserved*  

    27 min
  • #50 - Andrea Padilla (Square Root Marketing)

    When everyone told Andrea to play it safe, she rewrote the rules and doubled her worth. In this episode, two powerhouse founders share the real story behind selling a business, risking everything, and turning partnership into a power move. Forget the “happily ever after” exit story—this is what actually happens when women decide to cash out and level up.


    1:12 How She Knew It Was Time to Exit  
    2:54 Scaling Fast Through Partnerships and Collaboration  
    5:12 The Entrepreneurial Mindset: Risk, Grit, and Growth  
    7:12 Why Chemistry Is Everything in an Acquisition  
    8:39 Shared Vision: The Foundation of Strong Partnerships  
    9:20 How Common Interests Create Stronger Collaboration  
    10:47 Building Unshakeable Trust Through Hard Conversations  
    11:14 Staying Grounded and Seeing the Bigger Picture  
    12:57 A Moment of Gratitude for the Team Behind the Journey  

    14 min
  • #49 - Colleen West (Enright Court Reporting)

    Colleen West hustled her way from a tiny condo and a fax machine to a multi-million dollar exit. In this raw, inspiring episode, she shares how heartbreak fueled her business empire, why she refused to play by corporate rules, and the bold moves that doubled her revenue during COVID. If you've ever felt stuck, this story will make you rethink what’s possible.

     

    Chapters:

    2:34 Colleen’s Journey as a Single Mother  

    5:05 Turning a Job Into a Real Business Opportunity  
    7:10 Balancing Motherhood and Entrepreneurship  
    9:00 The Hard Realities of Growing a Business  
    12:24 How Networking Became Her Growth Engine  
    14:10 Moving Into Their First Dedicated Office Space  
    16:36 Overcoming Barriers in the Medical Field  
    20:10 Choosing Employees Over Easy Business Wins  
    23:01 Getting Approached for Acquisition Before COVID  
    25:52 How Revenue Doubled During the Pandemic  
    29:01 How Court Reporters Adapted to Remote Work  
    30:43 Why Trusted Advisors Are Essential  
    34:06 Navigating Due Diligence With Confidence  
    36:23 Stepping Into a Completely New Life  
    38:19 Caring for Her Mother Through Illness  
    40:50 Turning Dreams Into Reality Through Intention  

    43 min
  • #48 - Joyce Marter (Urban Balance)

    Joyce Marter didn’t just build a therapy business—she survived betrayal, took on millions in debt, and still managed a seven-figure exit. In this episode, she gets brutally honest about the moment her co-founder quit by email (and CC’d the staff), how she rebuilt from financial rock bottom, and the mindset shifts that helped her turn chaos into a multimillion-dollar win. If you've ever felt like you're drowning while everyone else thinks you're thriving—this one’s for you.

     

     

    2:10 Why Destigmatizing Mental Health Is So Important  
    6:11 Cash Flow Chaos During Rapid Growth  
    7:30 When a Business Partner Resigns Out of Nowhere  
    9:40 Why You Need a Pre-Dissolution Agreement  
    10:44 Asking for Help During a Cash Flow Crisis  
    12:56 How a CPA Revealed the Business’s True Value  
    14:45 Overcoming a Deep Scarcity Mindset Around Money  
    16:22 Practical Steps to Improve Cash Flow Fast  
    19:01 Why Aligning With the Right Buyer Matters  
    21:25 Choosing the Best Offer for Long-Term Success  
    22:16 Standing Firm on Your Principles in Negotiations  
    23:40 The Importance of Not Folding at the Final Hour  
    27:43 Tools and Practices for Managing Money Stress  

    30 min
  • #47 - Antonia Saint Dunbar (THINX)

    Antonia helped build one of the most iconic period brands in the world. In this episode, she takes us inside the real, messy, deeply human journey of launching Thinx: from her pink pajama shame moment at 13 to raising millions, writing her own patent, and co-founding a brand that changed the way we talk about periods.

     

    But that’s only the first half of the story.

     

    She opens up about what it actually felt like to raise money, negotiate with strategic partners, and sit in rooms where you slowly lose control of the brand you built. What happens when you and your co-founders don’t want the same future? What do you do when the investors are offering the deal of a lifetime?

     


    4:02 The Idea Behind Stain-Resistant Underwear  
    6:48 The Girl Effect: Education and Empowerment  
    9:02 Commitment and Teamwork in the Early Days  
    10:37 Launching Their Kickstarter Campaign  
    16:23 Landing a Partnership With a Major Company  
    18:01 Creative Marketing Strategies That Built the Brand  
    20:02 Why Clear, Consistent Communication Shapes a Brand  
    22:45 Protecting Brand Ethos While Partnering Big  
    25:26 The Struggle of Stylish but Painful Shoes  
    27:21 Their Breakout Kickstarter Campaign for Shoes  
    29:02 Why Co-Founder Communication Matters Most  
    33:55 The Critical Importance of Getting Everything in Writing  
    39:02 The Bittersweet Emotions Behind the Exit  
    41:40 Reflecting on Whether the Journey Was Worth It  
    43:14 Why Sharing Women’s Stories Matters  
    46:03 How Intuition Often Guides Entrepreneurial Paths  
    49:54 The Magical Encounter That Sparked a New Partnership  

    51 min

About The Exit Whisperer

From the publisher's feed

Women-owned businesses capture just 0.8% of the total exit value in the US.

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