Why You Should Turn Down a $14m Acquisition Offer with Derek Bluford of QuickLegal

1
Why You Should Turn Down a 14m Acquisition
Offer with Derek Bluford of QuickLegal

• Ep 124 Derek Bluford of QuickLegal joins Nathan.
  Derek Bluford is the founder of Quicklegal, Inc.,
  A new company that provides attorneys on demand
  via Facetime, voice call and instant messaging.
  Mr.Bluford has a history of entrepreneurial
  success in the legal service markets, and has won
  business awards such as California TechWeek,
  Entrepreneur Magazine Growth Conference, Legal
  Innovator and more. Mr.Bluford has a degree in
  legal studies and graduated Cum Laude.
  Mr.Blufords companies have been seen on
  publications such as Business Journal, California
  Lawyer, Landlord, Daily Journal and Porsches
  The Drifter.
• Click here to join the top tribe and instantly
  learn how Nathan made his first 10k at 19 years
  old http//nathanlatka.com/startertribelive
• 3 Key Points
• Due diligence is key to decision making
• Create a stellar team and build upon partnerships

2

• There are lots of contributing factors in the
  decision to sell
• Episode Notes
• 0115 Nathans introduction to todays Show
  with Derek Bluford
• 0134 QuickLegal
• 0200 Founded January 2014
• 0214 Why did you start Quick Legal?
• 0310 Sold last company for 424,000 when he
  was 26 years old
• 0341 Funding came from last company
• 0410 Launched February 215 after one year of
  beta testing
• 0500 What does QuickLegal provide?
• 0413 How do you make money?
• 0604 Bootstrapped company up to 600,000 and
  raised about 750,000
• 0631 Evaluation hopes of 12 million
• 0658 65k per month, 800k annual rate
• 0744 Offers to purchase
• 0831 Growth before selling
• 0930 Use offers for credibility for evaluation
• 1000 Will not sell for 14 million
• 1008 Why wont you sell?

3
1209Biggest concern 1412 The Famous
Five Resources Mentioned QuickLegal, Dereks new
company that provides on demand legal
service Growth Geeks The way Nathan hires
growth hackers on a per project basis for things
like info graphics, blog posts, and other growth
projects without hiring full time employees. The
Success PrinciplesBy Jack Canfield Famous
5 Favorite Book? The Success Principles by Jack
Canfield What CEO do you follow? Jack at
Cleo What is your favorite online tool? Google
Analytics Do you get 8 hours of
sleep?Absolutely not, probably closer to 8 hours
per week If you could let your 20 year old self
know one thing, what would it be?Always be
humble and realistic. Follow the data.
4
Listen to The Top if you want to hear from the
worlds TOP entrepreneurs on how much they sold
last month, how they are selling it, and what
they are selling - 7 days a week in 20 minute
interviews! Join the Top Tribe at
http//NathanLatka.com/TheTop The Top is FOR
YOU if you are A STUDENT who wants to become
the CEO of a 10m company in under 24 months
(episode 4) STUCK in the CORPORATE grind and
looking to create a 10k/mo side business so you
can quit (episode 7) An influencer or BLOGGER
who wants to make 27k/mo in monthly RECURRING
revenue to have the life you want and full
CONTROL (episode 1) The Software as a Service
(SaaS) entrepreneur who wants to grow to a 100m
valuation (episode 14).
5
Your host, Nathan Latka is a 25 year old software
entrepreneur who has driven over 4.5 million in
revenue and built a 25 person team as he dropped
out of school, raised 2.5million from a Forbes
Billionaire, and attracted over 10,000 paying
customers from 160 different countries. Oprah
gets 60 minutes or more to make her guests
comfortable to then ask tough questions. Nathan
does it all in less than 15 minutes in this daily
podcast that's like an audio version of Pat
Flynn's monthly income report. Join the Top Tribe
at http//NathanLatka.com/TheTop Read more at
http//nathanlatkathetop.libsyn.com/ep-124-hes-28-
and-said-no-to-a-14m-buy-out-offer-crazyqfrDBYRL3
xRUqWpQ.99 Article Resource - https//www.derekblu
ford.com/single-post/2017/08/16/Why-You-Should-Tur
n-Down-a-14m-Acquisition-Offer-with-Derek-Bluford-
of-QuickLegal