Want the next $425M exit? Be ‘ruthless’ with your time (and cap table), BacklotCars co-founder says

In the years leading up to BacklotCars’ historic exit, Justin Davis steered clear of the startup social scene — detouring instead into deep collaboration with capital and automotive industry partners, he said. “As a startup, getting connected is great, but you have to be ruthless in your execution,” the BacklotCars co-founder told ACG Kansas City’s…

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$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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