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52m · May 24, 2021
Myprotein: How to bootstrap a £500 overdraft into a £350m exit, with Founder Oliver Cookson
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