The Dark Side of Acquisition: When Thrill Meets Crushing Reality Lucas Philips' story is a cautionary tale for aspiring entrepreneurs who turn to acquisition as a path to success.
His meteoric rise from dorm room startup to $3 million revenue generating machine may seem like a blueprint for success, but it's also a sobering reminder that buying businesses can be an unglamorous, even brutal, experience.
Growing up in a family of Jewish small business owners, Philips was primed to take on the entrepreneurial mantle.