#641 - Austin McFee Live Podcast - Founder Dentive Sold His Company For $500 Million

Today we have another very special episode from one of our live Expert Networking Nights, here in Utah, with Austin McFee. This is the third live podcast that we have done in Utah and it is always fun to have the live audience aspect while recording the podcast. Austin McFee is the co-founder of Dentive, a dental support organization, that they sold a few years ago for $500 Million. On the podcast, we sit down and discuss what it was like going through that process of selling the business, after only 3 years. The discussion goes from how the company founded and what led to the sale of the business, to a deeper discussion about how money affects your life after grinding so hard to earn it. Austin's story is one of just figuring it out along the way and putting your head down to get work done. If you're an entrepreneur and want to see what life looks to get to a major sale of a company like that, you're in the right place. Reminder that this podcast is a part of a live show experience, the audio and visual may not be what you are used to from this podcast but we can't emphasize enough how incredible these events are. If you are local to Utah, make sure you come down to Lehi for this one of a kind, podcasting experience, and be a part of these incredible networking opportunities for yourself! 00:00 Introduction 01:43 How Austin started Dentive 09:02 Creating a win-win situation for your business and it's clients 12:40 How to approach selling to experts in their field 16:06 Budgeting your money properly 19:06 Learning business at a high level 23:29 Being patient and not selling your business too early 27:30 How Covid affected everything 29:44 What does financial freedom feel like 35:00 Finding purpose after making such a large deal 38:52 Best and worst parts about having money 41:06 Outro