Myprotein: How to bootstrap a £500 overdraft into a £350m exit, with Founder Oliver Cookson
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Description
Oliver Cookson founded the sports nutrition business Myprotein in 2004 with just a £500 overdraft, selling it to The Hut Group seven years later having kept 100% equity. The deal ended up being worth north of £350m for him. So how did he pull it off?
Key takeaways:
Achieving £1m EBITDA, still fully bootstrapped
Selling Myprotein to The Hut Group
Working on the board with people he’s in litigation with
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