Peter Demangos
Entrepreneur
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Biography
Peter Demangos has started two businesses in the Human Resources sector. One was a bootstrapped insurance brokerage where they sold employee benefits programs to large clients. The other was an HR software company called Collage, where Demangos and his co-founders raised $3.5 million of investment capital and sold three years later for $15 million.
Given that Demangos was the common denominator in both companies, his story provides a unique contrast of two different approaches to starting and building a business. Demangos retained 100% of the equity in his employee benefits brokerage, and with high margins, more than a million dollars in sales, and just five employees, it funded his lifestyle. When Demangos sold, he was able to get 8 times EBITDA for the brokerage, the majority of which was paid in cash.
By contrast, Demangos held a minority stake in his tech startup Collage, yet it was a much higher sale price, so he still had a healthy windfall.
The combination was enough money for Demangos to hit “his number,” a net worth beyond which he would never feel compelled to work again. This is why the conflicting set of emotions he feels today are somewhat surprising.
Videos
Strategic Compensation: Shifting the Risk with Defined Contribution Plans - Nelson HRM
Strategic Compensation: Employee Needs and Rewards - Nelson HRM
Strategic Compensation: Business Owner Fears - Nelson HRM
Employee Compensation: Motivating Different Types of Employees - Nelson HRM
Pitch it! powered by TEDxLarissa & The Port Global
Tying Employee Performance to Compensation with your HRIS - Nelson HRM
Employee Benefits: Fixed or Flexible Plans? - Nelson HRM
2014 Canada Sales Congress - Peter Demangos - Make Your Services Easy to Buy
Collage with Peter Demangos (Co-Founder)| EP16
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