They Got Acquired - Choosing a different path

Nov. 18, 2022
​Read on web​

Web developer Gabe Murillo established an online podcast editing and production company in 2015 called PodcastPress.

At first, Murillo imagined running a traditional startup — raising a lot of money, handing over equity and growing as quickly as possible. But the entrepreneur, based in Baton Rouge, Louisiana, ended up choosing a different path.

Instead of pursuing traditional investors, PodcastPress raised $250,000 in equity-free grants through the Arch Grants accelerator, the Puerto Rican nonprofit startup program Parellel18 and the international accelerator Start-Up Chile.

“That [funding] was a tremendous lever for me to scale the company,” Murillo said.

With the boost from the grants, Murillo was able to partner with podcast industry influencers to grow his productized services through an affiliate program.

After four years, PodcastPress had grown to more than 200 clients. That's when Murillo sold the business.

Read more on how he did it:

​A podcast production company leaned on $250K in equity-free grants to grow to 200 clients​

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See you next time,

Lexi Grant
Founder & CEO
​They Got Acquired​
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