$425M exit: BacklotCars selling to Indiana-based auto marketplace in ‘milestone event’ for KC

Five years after turning its ignition, Kansas City-revved BacklotCars is being acquired in a historic $425 million deal. Carmel, Indiana-based KAR Auction Services agreed to purchase the company by the end of the year, the companies said Tuesday morning. “KAR Global is the most innovative and progressive digital remarketing company in the world, and their…

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Pitching your startup to investors is about more than selling an idea, says Pitch Perfect leader

Kathryn Golden, Pitch Perfect, Enterprise Center in Johnson County

Perfecting a startup pitch depends on a founder’s ability to move beyond mere product knowledge and talk the investors’ language, said Kathryn Golden. “The reality is investors aren’t buying your product; they’re not customers,” explained Golden, programs director at the Enterprise Center in Johnson County. “Investors are looking at the company and asking, ‘Is this…

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