A few weeks ago, 32-year-old entrepreneur Wiley Cerilli sat down with his wife. He told her an email company, Constant Contact, wanted to acquire his two-year-old startup, Single Platform, for $100 million.
The couple came up with a list of things to buy and do if the deal went through:
Get a new washer and dryer
Mount the TV
Buy new socks
“We couldn’t think of anything else we really need,” he said.
Last week, the $100 million acquisition was finalized — $65 million in cash up front with the ability to earn up to $30 million more over the next two years.
As a sole founder who had only raised $4.5 million from outside investors, Cerilli suddenly became a very rich man.
We met up with Cerilli and Single Platform’s executive team on Wednesday night, just after the money hit their bank accounts.
We asked, “How does it feel to be absolutely loaded?”
“It doesn’t seem real,” he replied.
Here’s Cerilli’s story.
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