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The Exit Whisperer

Author: Carrie Kerpen

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Women-owned businesses capture just 0.8% of the total exit value in the US.

Carrie Kerpen is here to change that, through sharing the stories of women who have broken through and sold their businesses.

Having sold her own business for 8-figures in 2021, Carrie knows what it takes to build a sellable brand. She also knows that the experience can be different for women than it is for men because she has personally interviewed hundreds of exited female founders.

New Episode Every Tuesday!
73 Episodes
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Selling your company isn’t always a flex. Sometimes the bravest exit is walking away. If you’re “fine” but your body is screaming, this episode is for you. In this episode of The Exit Whisperer, Carrie sits down with Roslyn McLarty, co-founder of The GIST, who left a fast-growing, funded company when burnout stopped being a vibe and started being a warning sign.We get into the unsexy truth founders don’t post: the eye twitch, the dread, the “take a long weekend” advice that solves nothing, and the moment you realize it’s not just hard — it’s misaligned. Roslyn breaks down what burnout actually is (a chronically activated nervous system), how to tell “push through” from “get out,” and why chasing outcomes (revenue, valuation, the headline) is the fastest route to losing yourself.02:19 Meet Roslyn McLarty04:18 Building The GIST From Scratch05:08 Why Fundraising Was an Uphill Battle07:24 Role Misalignment: The Silent Burnout Trigger12:41 Hitting Burnout — And Finally Stopping19:56 The Inner Critic That Won’t Shut Up20:16 How Burnout Warps Business Decisions21:22 The Emotional Whiplash of Leaving Your Company22:19 Processing Grief, Relief, and Identity Loss24:25 Finding Alignment After the Exit26:16 Rebuilding Without Burning Out Again29:50 How to Recognize and Regulate Burnout33:44 What Every Founder Needs to Hear
Meghan built exactly the kind of business founders are told to want: flexible, profitable, and “lifestyle-friendly.” Then her 10-year-old assumed she’d be working at hockey practice — and she realized the business had quietly taken more than it ever gave back.In this episode of The Exit Whisperer, Carrie sits down with Meghan Block, founder of Wicked Good Mom Media to unpack how a single local domain turned into a multi-market media company — and why scaling it further would’ve required giving up the one thing she wasn’t willing to lose: presence with her kids.01:31 Meet Meghan Block: From Domain To Media Company03:06 Building Wicked Good Mom Media05:45 Scaling A Hyperlocal Business10:06 The “Summer Of Mama” Reset12:08 The Moment She Decided To Sell12:59 Getting The Business Exit-Ready15:01 Why Private Equity Wasn’t The Answer15:27 Defining The Right Buyer 16:03 Protecting Financial Security After The Sale16:17 Why She Refused A Long-Term Earnout16:57 Finding The Buyer By Accident18:15 When Family Becomes The Real KPI21:35 The Boundary That Changed Everything27:35 What’s Next After The Exit
Most acquisitions fail because founders obsess over the price — not the people. Monica Kocher built and exited two companies by doing the opposite. In this episode, Carrie sits down with Monica, a rare founder who bootstrapped and sold twice — once through a strategic partnership that became an acquisition, and once through an advisory relationship that turned into a buyer.This is a masterclass in what most founders get wrong: thinking exits are transactions, not long-term relationships. Monica breaks down why partnering before you sell can be the difference between a smooth exit and a cultural disaster, and why letting a potential acquirer see your company up close is not weakness, it’s leverage.01:00 Meet Monica Kocher02:15 First Exit: Building And Selling Gugu Chew04:08 How The Acquisition Came Together07:15 Looking Back On The Gugu Chew Exit08:56 Second Company: The Smart Gift Idea11:04 Partnering With 1-800-FLOWERS13:16 Why Advisory Boards Matter More Than You Think13:57 Aligning Vision With Advisors Early14:47 How COVID Changed Corporate Gifting Forever15:15 Scaling Fast Without Losing Control16:08 Inside The Acquisition Process16:44 When Advisors Become Acquirers20:34 Advice For Women Building Toward An Exit23:43 Final Takeaways + How To Find Monica
In this episode of The Exit Whisperer, Carrie sits down with Amanda Goetz, founder of House of Wise and author of Toxic Grit, to unpack one of the most dangerous deal structures founders don’t talk about: the equity sale with no cash.Amanda shares the full, unfiltered story of selling her fast-growing brand in an equity deal that looked “perfect” on paper — and how it quietly turned into a nightmare. We get into the emotional state founders are in when they sell, the paperwork everyone assumes gets handled, and the brutal reality of what happens when it doesn’t.00:47 Meet Amanda Goetz02:13 The Rise Of House Of Wise02:42 Challenges In Fundraising04:30 The Equity Deal (No Cash, High Risk)04:43 When The Deal Started To Go Wrong07:15 The Personal And Financial Fallout10:28 Lessons Learned And Hard Advice12:46 Decisions Made Under Pressure13:39 Letting Go: Identity, Trauma, And Loss14:38 When New Management Took Over15:57 Starting Over: 2025 And Beyond16:19 Finding New Roles And Creative Energy16:57 From Newsletter To Book Deal20:25 What “Toxic Grit” Really Means23:17 The 10 Characters That Shape A Life
Your “dream exit” is probably a math problem you haven’t done yet. Gigi Lee Chang built Plum Organics to a reported nine-figure exit to Campbell Soup Company — then tells the part founders don’t talk about: dilution, losing control, and why the headline is rarely what hits your bank account.In this episode, Carrie Kerpen sits down with Gigi Lee Chang to unpack the real trade: raising money to go faster… and watching the cap table quietly decide what you “walk away with.” We talk about the pouch pivot that changed the category, the behind-the-scenes reality of board power, and the uncomfortable truth that “entrepreneur” became a status badge — not a job description.02:52 Meet Gigi Lee Chang04:17 The Idea Behind Plum Organics07:26 Early Challenges Building The Brand10:39 The Pouch That Changed The Category22:07 The Shift To Plum As The Core Brand22:55 Looking Back On The Decision25:01 When Gigi Lost Control Of The Company25:48 How Investors Actually Think28:15 Selling Plum Organics To Campbell’s29:20 Life After The Acquisition30:32 Entrepreneur Vs Small Business Owner41:18 What Gigi Is Building Now
The first offer was three times too low — and Stacy Stahl almost walked away. Instead, she did something most founders never do, and it changed the entire deal. In this episode, Carrie sits down with Stacy Stahl (founder of How He Asked — yes, the “Gossip Girl of proposals” — acquired by The Knot) to break down the part founders don’t post: the lowball, the power move, and the moment you realize your business is only worth what you’re willing to sell it for.01:09 Meet Stacy Stahl02:37 The Idea That Started How He Asked03:34 Going Viral Before “Going Viral” Was A Thing05:32 How The Knot Came Into The Picture09:38 The Lowball Offer, The Counter, And The Power Shift16:04 Why She Started Her Second Company Anyway20:06 When The Easy Path Disappears20:45 Jumping From Digital To Product — On Purpose22:57 Building A Business During COVID23:49 The Pivot That Changed Everything24:57 Breaking Into The Promotional Products World26:59 Running A Business Without Burning Out29:31 Why Simple, Profitable Businesses Win32:01 Building Success And Bringing Others With Her
Kendra Bracken Ferguson built companies that invented the creator economy before Instagram and TikTok — and she tells the part founders unusually hide: when the shiny acquisition stops working, the earn-out math gets ugly, and you have to choose between protecting your title or protecting your team…We get into trust as a system (including her very controversial co-founder test), buying a company back, building BrainTrust into a studio + fund backing Black beauty & wellness founders, and why corporate partners suddenly got nervous about “Black founder” the second it became inconvenient.01:36 Meet Kendra Bracken Ferguson: Builder, Operator, Dealmaker02:22 The Thanksgiving Idea That Sparked Digital Brand Architects04:03 How DBA Helped Invent The Creator Economy Before Instagram07:04 Knowing When To Walk Away—And Start Over08:10 Why “Trust” Became The Non-Negotiable Business Principle14:20 Inside The CAA Acquisition18:36 When The Deal Looks Good—But The Reality Doesn’t20:52 The Moment Everything Had To Change21:20 Redefining Failure: Pivots, Pressure, And Perspective22:41 Journaling, Self-Awareness, And Founder Survival Tools24:32 Rebuilding With Intention: The Real BrainTrust Vision25:12 From Agency To Studio To Fund26:39 Corporate Partnerships, Power Dynamics, And Hard Truths29:57 New Ventures, New Partners, And Building With Exit In Mind35:39 From Hustle To Harmony: Success, Sleep, And The Next Chapter
In this solo episode, Carrie pulls back the curtain on what it actually takes to build an exit strategy for women founders—from choosing the right co-founder to expanding into brokerage without chasing growth for growth’s sake. She explains why so many women struggle with confidence during the exit process and how mindset, timing, and preparation directly impact business valuation.You’ll also hear how the Whisper Group is evolving—from advisory to brokerage—and why selectivity is a competitive advantage when helping women navigate how to sell a company. If you’re building with an exit in mind or questioning whether you’re truly prepared for selling a business, this conversation will reshape how you think about female entrepreneurship and women founders exits.00:00 Season 6 begins: why this chapter is different00:43 The rise of women-owned businesses and the movement behind it01:28 A major announcement: bringing on a co-founder01:56 What actually matters when choosing the right co-founder03:06 New upgrades, merch, and what’s evolving this season03:23 Why we’re prioritizing in-person podcast conversations03:43 Expanding into brokerage — with intention and restraint05:12 The hidden cost of growth: expenses and pressure05:41 Letting go of scarcity thinking while scaling06:56 Why I’m genuinely excited about what’s ahead
In this episode, Nicole opens up about the hardest year of her life, balancing motherhood, money, and a messy business breakup, and how she found the strength to start over and build something entirely her own. 2:02 Nicole’s Journey Into Wealth Management   5:37 Transitioning Into An Independent Advisory Firm   6:27 Stepping Fully Into The Independent World   7:34 Building A Niche Focused On Professional Athletes   8:10 Supporting Exonerees With Their Financial Needs   10:50 Considering Leaving The Firm For Personal Reasons   12:33 Learning To Parent A Special Needs Child   14:00 Concerns Over A Partner’s Financial Decisions   17:40 Realizing It Was Time To Leave The Partnership   18:40 Embracing Full Independence In Her Business   20:00 Clients Rallying Behind Her During The Transition   21:40 Negotiating Exit Terms With Her Business Partner   24:28 Selling A Portion Of The Business   25:07 Acquiring Additional Wealth Management Firms   27:54 Lessons Learned From Business Partnerships   29:50 The Importance Of Strong Financial Planning  
In this episode, Molly Nutt shares how she pulled off two very different exits, what she learned about selling potential vs. profit, and how to protect your relationships when business gets personal. If you’ve ever wondered how founders actually navigate the messy, emotional side of selling, this is the one to listen to.    2:34 Starting The CEO Society   4:44 Creating A Friendship Clause In A Business Deal   5:38 How Acorn Grew During The CEO Society Era   6:24 Launching Oak’s Email Studio   8:14 Splitting Brands To Stay Focused   10:40 The Unexpected Offer To Buy Oaks   11:20 Why Agencies Want To Acquire Email Agencies   12:01 Trusting Your Gut During Negotiations   12:44 The Challenge Of Untangling Finances   15:30 Evaluating The True Value Of A New Brand   16:45 Wrestling With Seller’s Remorse   17:38 Selling Potential Versus Selling Historical Data   19:12 Transitioning Into Life After The Sale   20:25 Launching A Mentorship Program   22:36 Advice For Women Building Their Businesses   24:00 Why The Right Hire Changes Everything   27:03 Details On The Growth Season Mentorship Program  
In this raw and unfiltered interview, Sharmin Ali shares how a chance encounter on a flight changed her life forever. From joining a startup that became a unicorn to surviving a cardiac arrest at 32, she reveals what founders never talk about: burnout, bad investor deals, and the price of ambition. 2:10 Choosing To Stop Chasing A Career At Google   6:25 An Unexpected Job Offer Mid-Flight   8:14 Learning The Basics Of Venture Capital   10:05 Building Powerful Relationships In Pharma   11:49 Closing Her First Million-Dollar Pilot Deal   14:32 Launching Her YouTube Channel Back In 2014   17:00 Why Timing And Vision Matter In Startup Success   18:52 The Power Of Emotion In Marketing   21:49 Facing Cardiac Arrest Again At Age 32   24:14 Realizing Health Must Come First   27:10 Why You Should “Date” Your Investor   30:10 Learning To Let Go So The Business Can Grow   32:44 What She Learned From Acquiring A Company   34:41 Launching A Foundation To Support Entrepreneurs   37:43 Honest Reflections On The Entrepreneurial Journey   40:02 Key Advice For Aspiring Entrepreneurs   42:04 Why Every Founder Needs A Therapist  
Angela Pointon opens up about what it’s really like to buy out your partners, take on debt, and bet on yourself when everything’s on the line. From the hardest conversations to the relief of letting go, this episode is about courage, burnout, and knowing when to walk away—on your own terms.   2:32 How 11Outof11 was born from freelancing burnout   4:42 Leaving the commute and daycare guilt to go all-in on freelance   7:13 Designing an agency with a future sale in mind   9:50 The hardest step — deciding to buy out her partners   13:06 Third-party valuation, bank loans, and emotional fallout   15:32 Relief, confidence, and revenue skyrocketing post-buyout   18:51 Why she chose to sell just one year later   22:23 Choosing the right buyer and securing a 90-day transition   24:45 No regrets and closing the deal during her son’s graduation week   27:04 Fractional CMO life, building a mountain home, and family time   30:18 Learning to slow down after witnessing friends survive cancer   32:00 Why Angela’s real-world exit story matters  
Ever felt stuck running a business you no longer love—but you’re scared to let go? Meet Laura Roos, who sold her company without a broker, while pregnant, and turned the proceeds into her next seven-figure startup. This episode is messy, honest, and full of real talk about what it actually takes to walk away. 5:48 Why Selling the Business Felt Like a Dream Come True   8:01 How the Company Grew Rapidly During the Pandemic   9:59 Knowing It Was the Right Time to Sell   11:30 Shifting Her Focus Into a New Business Venture   14:10 Her Deep Obsession With Cannabis Dosing   16:11 Making the Final Decision to Sell   19:02 The First Meeting With a Business Broker   21:19 The Game-Changing Email From a Potential Buyer   22:57 The Hidden Challenges of Planning an Exit   26:04 Why You Always Need Multiple Interested Buyers   27:53 Mastering the Art of Negotiating Deal Terms   30:22 Renegotiating Terms Even After the Deal Is Struck   32:54 How She Created Predictability in Her Payments   34:32 The Current Success of Mary and Jane   37:25 The Hard Realities of Growing a Business  
What happens when the person running your company with you ends up buying it from you? Carey Linderman shares how she went from senior care to creating an entirely new category: the postpartum doula. And how she built a business that supported moms when no one else did, and why she ultimately decided to sell her company to her own #2.   2:10 Introducing Carey Linderman   4:44 Moving From Senior Care Into Postpartum Doula Work   7:01 Strengthening Family Bonding Through Postpartum Care   8:11 Why Postpartum Support Matters More Than Ever   9:45 Educating Families About True Postpartum Needs   12:56 Creating a Comprehensive Doula Certification Course   13:57 Building a Credible and Trusted Certification   14:29 Bringing Experts Together to Elevate the Program   15:12 Marketing the Doula Certification to the Right People   16:03 Preparing Emotionally and Strategically to Sell the Business   20:46 How an Employee Ended Up Buying the Business   23:16 Financing the Business Purchase the Smart Way   24:20 Carey’s Advice on Letting Go When It’s Time to Exit
What do you do when you raise venture money… and then realize it’s not the right path? For Elle Hempen, co-founder of The Atlas, the answer was bold: sell just one year later.   In this episode, we talk about how a Google spreadsheet turned into a tech company, why she decided to skip the long VC grind, and how she negotiated an exit during the chaos of COVID. From pitching at Y Combinator while 8 months pregnant to getting a cold email from the exact company she dreamed of selling to, Elle’s story is packed with twists, hard choices, and the kind of honesty you rarely hear in startup land. 2:11 Why Valuing Early-Stage Tech Companies Is So Critical   5:00 Building the Atlas Platform From a Real-World Problem   6:34 Launching the First Version Back in 2016   9:06 Creating a Strong, Scalable Data Infrastructure   10:54 Deciding It Was Time to Fundraise for Growth   12:29 Applying to Y Combinator to Fuel Expansion   15:06 Fundraising in the Middle of a Market Crash   17:01 Finding the Right Strategic Investor   20:41 Soul-Searching to Determine the Company’s Direction   23:12 Valuing the Business Based on Future Potential   25:47 Celebrating a Rare and Remarkable Tech Achievement   29:02 Reflecting on Five Years of Building and Learning   30:40 Exploring What’s Next After the Exit   32:23 The Unique Energy of Being an Entrepreneur   34:40 Is an MBA Worth It for Founders?   36:57 Aligning Education With Real Business Needs  
Michelle Caba, a former Wall Street professional, transformed a failing nail salon into a successful local business, eventually selling it with a considerable profit. Michelle discusses her journey from Wall Street to business ownership, emphasizing the importance of strategic planning, market research, and innovative services like CBD manicures. Now she helps other business transform digitally to achieve the same growth! 01:07 – Wall Street Dropout Buys a Nail Salon?! 02:38 – From Failing Salon to Local Empire 09:07 – CBD Manicures?! The Wild Strategy That Worked 15:28 – The Brutal Decision: Why She Finally Sold 21:25 – Life After Selling: From Salons to Consulting 24:14 – The Hard Truth Every Entrepreneur Needs to Hear 27:26 – Her Biggest Lesson (And What She’d Do Differently)
Julie Cole, co-founder of Mabel’s Labels, didn’t just survive the boys’ club of business—she doubled her valuation and sold to industry giant Avery. In this episode, she reveals the messy truth about co-founders, the brutal tricks buyers use to wear you down, and why staying passionate after the sale might be the ultimate win. 4:29 Turning a Simple Idea Into a Scalable Business   6:56 Why Mental Health Support Matters for Founders   7:30 Teaching the Market About a Product No One Knows Yet   8:11 Leveraging Word of Mouth to Drive Early Growth   10:12 The Real Challenges of Co-Founding With Multiple Partners   13:08 Why Equity Decisions Matter So Much   14:06 Recognizing When It’s Time for a Change   15:01 The Unexpected Phone Call About an Acquisition   16:14 Negotiating Hard to Protect the Brand and Staff   19:34 The Exhaustion and Fatigue of Negotiation   20:06 Staying Passionate About Your Brand Through It All   21:02 Staying Actively Involved After the Acquisition   24:25 Evolving the Business to Meet Changing Customer Needs  
Suzanne Shelton built one of the top sustainability communications agencies in the US from scratch, then shocked the experts by selling it for double her target price. In this episode, she spills the unfiltered truth: the gut-wrenching moments, the bets that almost broke her, and the secrets behind her once-in-a-lifetime exit. 4:11 Specializing in Energy and Environmental Marketing 5:49 Leading a $40 Million Environmental Campaign   8:11 Why Companies Need Specialized Sustainability Consultants   11:06 Payroll Struggles and Growing a Mission-Driven Business   12:57 Staying Committed to Sustainability Through Every Challenge   15:39 Her Deep Personal Connection to Sustainability Issues   17:17 Why Sustainability Matters in Every Sales Conversation   19:32 Making Business Decisions Based on Values Alignment   21:46 The Power of Mission and Values in Choosing Partners   24:34 The Hard Part: Losing Decision-Making Power   26:17 Understanding the Timing and Process of Selling a Business   28:49 Why Negotiating the LOI Is Absolutely Critical   30:54 Working From Passion Instead of Necessity  
Ever wondered if you could risk it all—your savings, your sanity, your entire career—on a food you love? Erin Wade did just that. Fired from her law job and flat-out rejected by banks, she built a cult mac & cheese restaurant that broke every rule and every record. In this episode, Erin tells the unfiltered truth about betting everything, surviving the chaos, and what it really feels like to sell your “baby” to a VC-backed food giant.    3:05 The Struggle to Secure Funding for the Dream   5:38 Friends Fly In From LA to Show Support   8:53 Launch Day: Lines Down the Street   10:41 Getting Early Product Feedback That Shaped the Menu   12:54 Creating a Career and Life You Truly Love   14:30 Building a Business Centered Around People   16:30 The Decision to Buy Out His Business Partner   18:01 Preparing the Next Generation for Leadership   19:49 Finding Real Joy in Everyday Business Challenges   22:50 Navigating Personal Struggles While Running a Company   25:36 Passing the Torch After Selling the Business   28:29 Rewriting the Book to Share a More Personal Story   31:42 Loving the CEO Role and Leading With Purpose  
Ever wondered what really happens after you sell your business? Ashley Deland built and sold a top vegan restaurant—then watched the new owners burn it to the ground. In this raw, unfiltered conversation, Ashley and host Carrie Kerpen get brutally honest about burnout, regret, and the secrets nobody tells you about scaling and exiting. This episode is for anyone who thinks selling is the happy ending. Spoiler: it’s just the start of a whole new story.   2:04 Her Journey Through Burnout and Breaking Point   6:09 Opening Karma — A New Vegan Restaurant Vision   7:10 The Tough Early Challenges Every Restaurant Faces   8:28 How She Funded Her Businesses Without Taking On Debt   9:12 Pushing Past Doubt in the Entrepreneurial Journey   10:56 Scaling the Restaurant With Intention and Strategy   13:28 Selling the Restaurant and Building Community Along the Way   15:02 Taking a Full Year Off After the Sale   16:03 Why Emotional Readiness Matters Before an Exit   19:01 Understanding How Much Control You Lose After Selling   20:01 Becoming Truly Emotionally Ready to Exit   21:06 Why Every Founder Needs an Exit Strategy   22:13 Lessons Learned From All Her Past Business Chapters   23:02 Launching Her New Book, *Unreserved*  
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