Bill Spruill: 'Two Inches of Snow' Led to a Remarkable $300M Deal
- S3E5
- 51:57
- October 11th 2022
On this episode of Exit Stories, Bill Spruill, the founder and former CEO of Global Data Consortium (GDC), joins our host Kevin Mosley. GDC is an award winning worldwide digital identity verification platform.
From being in the enterprise data space to joining AddressDoctor, Spruill shares how everything he learned prepared him for GDC. Early on, the company struggled to find product market fit, and after losing their sales lead, a decision was debated on whether the company should close. Nevertheless, he and the team set a simple goal: to grow 10% each month and see what happens. A few years later, in 2022, GDC was acquired by the London Stock Exchange for $300M, one of the largest deals of recent years to come out of the Triangle.
Exit Stories
Exit Stories features tech founders, buyers, and sellers from the Triangle, North Carolina and the Southeast to tell their stories about raising capital and selling their startups.
This program is produced by GrepBeat and hosted by Kevin Mosley of Jurassic Capital.
Meet the Host
Kevin is a General Partner at Jurassic Capital, a Durham, NC-based Growth Equity firm focused on growing B2B software companies in the Southeast. Alongside cofounder Joe Colopy, Jurassic’s deep entrepreneurial and operating experience from Bronto and other SaaS companies helps grow and scale capital-efficient companies over $1M in Revenue. They recently closed a $20M+ fund and have portfolio companies building software in HR (Workdove), B2B eCommerce (Corevist), and Test Automation (Cycle Labs).
Kevin spent his pre-Jurassic career operating at growth-stage software companies, including Sageworks, Lulu, Bronto, and Republic Wireless/Relay. He graduated with a BS in Finance from Clemson and loves spending time with his wife in the Triangle as well as watching and playing all sports, especially golf and tennis.