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23mile Podcast
Kayode Odeleye
12 episodes
2 days ago
Building an enduring company is the true proof of success 23mile Podcast brings you candid conversations with leaders who have gone the distance, sharing unfiltered lessons on scaling their companies, conquering setbacks, and engineering their exits.
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Entrepreneurship
Business
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All content for 23mile Podcast is the property of Kayode Odeleye and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Building an enduring company is the true proof of success 23mile Podcast brings you candid conversations with leaders who have gone the distance, sharing unfiltered lessons on scaling their companies, conquering setbacks, and engineering their exits.
Show more...
Entrepreneurship
Business
https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/43951615/43951615-1750831229134-1dc2fa71802ff.jpg
Zombie Startups: How Losing a $1B Fintech Platform Inspired a Contrarian Bet on VC Failures
23mile Podcast
51 minutes 21 seconds
1 month ago
Zombie Startups: How Losing a $1B Fintech Platform Inspired a Contrarian Bet on VC Failures

Krista Morgan built a fintech company that processed $1 billion in transactions and scaled to $10M in revenue. Then it collapsed in 90 days due to fraud. Instead of walking away, she turned that painful experience into a contrarian investment thesis: buying the "venture orphans" that VCs leave behind.

As CEO of Edited Capital, Krista has completed 13 acquisitions of B2B SaaS companies stuck between can't raise and won't die. Her firm buys at 1x revenue multiples and transforms unprofitable venture-backed startups into sustainable, profitable businesses.

In this episode:

  • How Krista raised $18M equity + $120M debt for P2B Investor
  • The fraud that took her company from solvent to insolvent overnight
  • Executing a 90-day restructuring and sale
  • Why 75% of VC-backed startups fail (and how to rescue them)
  • The 100-day playbook: Salesforce for 11 opportunities vs. Google Sheets
  • What founders must understand before taking venture capital
  • Working with VCs during distressed situations
  • How to win over founders who are stuck between optimism and reality

Key Takeaways:"I realized when I sold my company that there was so much value capture that was just lost. That is the core of our thesis." (Krista Morgan)

Connect with Krista:LinkedIn: linkedin.com/in/kristamorganCompany: editedcapital.com

23mile brings you candid conversations with leaders who've gone the distance. Real stories about scaling, exits, and the messy stuff that doesn't make it into press releases.

Hosted by Kayode Odeleye: https://www.linkedin.com/in/kayodeodeleye/


Subscribe to 23mile for regular episodes with founders who've actually gone the distance. Hit follow so you don't miss the next story.


23mile Podcast
Building an enduring company is the true proof of success 23mile Podcast brings you candid conversations with leaders who have gone the distance, sharing unfiltered lessons on scaling their companies, conquering setbacks, and engineering their exits.