Worth Owning

Horizon Advisors

Worth Owning is a podcast for founders who want to build real wealth- without burning out to get there. Hosted by Krystyn Harrison, cofounder of Horizon Advisors, the show features unfiltered conversations with entrepreneurs at every stage: the ones deep in the build, the ones who've exited, and the advisors who understand what it actually takes to win. We believe healthy founders build more valuable companies. Not "build at all costs" - build with intention. Each episode covers the stuff that moves the needle: pivots, plateaus, psychology, mindset, and the path from operator to owner. Whether you're scaling, preparing for an exit, or figuring out what comes after- this is for you. New episodes every other Wednesday.

  1. 12/10/2025

    Peter Hwang: 4 Exits, 5 Industries and the Journey from Collapse to a $263M Deal

    In this episode of Getting to the Deal, host Krystyn Harrison sits down with Peter Hwang, a serial founder who has built and exited four companies across five industries, including the $263 million sale of Newstrike to Hexo and the private equity exit of Global Faces—two deals that closed within just 12 months of each other. But Peter's most defining moment wasn't an exit at all—it was the 2008 collapse of a company with 15,000 customers, a $15 million run rate, and a signed term sheet to go public that vanished overnight when the housing market crashed, leaving the business $3 million in debt and personally with a double-mortgaged house and his wife six months pregnant. Peter shares how growing up in a first-generation immigrant family where his parents worked 365 days a year in retail shaped his relentless work ethic, but also reveals why being "the hardest working person in the room" made him "the dumbest person in terms of execution" early in his career—a realization that forced him to shift from building lifestyle businesses through sheer effort to building for optionality and scale. He walks through his framework of always building companies to exit rather than scale forever, explaining why optionality means creating something someone will want to buy, and how he rebuilt after bankruptcy by focusing on strategic partnerships and surrounding himself with people smarter than him. Peter opens up about the arrival fallacy—the shocking emptiness he felt after achieving the success he'd chased for decades, checking his phone at 2 AM only to realize nobody needed him anymore, and how his wife asked if he could ever just turn off his brain. He shares the hard-won lesson that founders must let go of the illusion of control, stop holding on too tight, and accept that things won't go perfectly because the reality is they just won't—a mindset shift that's "crazy important for founders" who are constantly stressed and second-guessing themselves. Peter reveals how having a co-founder 20 years younger with the "calm and patience and maturity" to settle his anxious founder brain has been transformational, emphasizing that your success is only as good as the partners who can help you see things differently when you're convincing yourself of things on the ledge. If you're a founder who's grinding harder than everyone else but not seeing the scale you want, or if you've already exited and felt unexpectedly empty afterward, this conversation will challenge how you think about control, partnership, and what success actually feels like when you finally reach it.Show Notes: 00:00 The Journey Begins: Peter Wang's Early Life 02:44 Lessons from Hard Work: The Immigrant Experience 06:06 The Scarcity Mindset: Shaping Entrepreneurial Spirit 08:51 The Hustle: Early Sales Training and Identity 12:03 Resilience and Hard Work: Keys to Success 17:53 The Collapse: 2008 Financial Crisis and Its Impact 26:21 Resilience in Adversity 31:40 Learning from Failure 34:43 The Quiet Phase: Consulting and Reflection 38:11 Market Timing and Business Growth 43:36 Keys to Successful Exits 46:07 Building for Optionality 57:33 Advice for Founders in Challenging Markets 01:07:30 The Three-Year Gestation Period – This episode is brought to you by Exit Horizon. Our mission is to help strategic founders build systematically toward fulfilling exits using proven methodology from entrepreneurs and advisors who've actually navigated successful deals. We compress the learning curve so you can build with the end in mind from day one, not piece together exit strategies when it's too late. Apply now to join our next cohort or book a quick call to learn more about what might be the right place to start for your business. Visit exithorizon.com.

    1h 12m
  2. 11/26/2025

    Miranda Lievers: Taco Shop to $1B IPO, Selling the Dream House, and Redefining Success

    In this episode of Getting to the Deal, host Krystyn Harrison sits down with Miranda Lievers, co-founder and former COO of Thinkific, who took her company public in one of the most compressed IPO timelines in Canadian tech history—five months instead of the typical 18 months, reaching a billion-dollar valuation with only $6 million raised. Miranda shares the unexpected reality of scaling from four people around a table above a taco shop to 500 employees: the hardest challenges weren't strategic decisions but mundane problems like where to put people when you don't have enough desks, because as she puts it, "code is easy, humans are not." She reveals her framework for navigating the messy middle—being directionally correct rather than perfect, weighting the dice to be 60-40 instead of 50-50, and remembering you're the only expert on your business regardless of who's throwing advice at you. The conversation takes a profound turn when Miranda opens up about what happened after achieving the ultimate entrepreneurial gold star: she bought the dream home, filled it with dream stuff, then sold it all after realizing she was no more happy in paradise than eating white rice in a tiny Bologna apartment. She unpacks the arrival fallacy that plagues founders, why the five-month IPO sprint gave her everything while ringing the bell felt hollow, and how she spent her post-exit sabbatical discovering what she actually enjoyed after decades of only knowing how to work hard. If you're a founder who's collected all the gold stars but questions whether you're chasing the right destination, or if you're planning an exit and want to understand what actually matters on the other side, this conversation reveals the emotional reality of achieving the dream and discovering the journey was always the point. Show Notes: 00:00 Introduction: $1B IPO in 5 Months 01:01 From Selling Crafts to Co-Founding Thinkific 05:04 The Build Story: Scaling from 4 to 500 People 09:47 The IPO Decision: Why Public Made Sense 16:32 Living in the Matrix: The 5-Month Sprint 21:05 The Most Surreal Day: When Trading Started 24:11 An IPO Is Not an Exit 25:14 Post-Exit: Figuring Out What's Next 30:22 The Arrival Fallacy: Collecting Gold Stars 34:51 What's Next: Helping Founders Scale 38:01 Advice for the Messy Middle 40:16 The Dream House Paradox – This episode is brought to you by Exit Horizon. Our mission is to help strategic Canadian founders build systematically toward fulfilling exits using proven methodology from entrepreneurs and advisors who've actually navigated successful deals. We compress the learning curve so you can build with the end in mind from day one, not piece together exit strategies when it's too late. Apply now to join our next cohort or book a quick call to learn more about what might be the right place to start for your business. Visit exithorizon.com.

    42 min
  3. 11/04/2025

    Julie Ellis: $12M Exit, 4 Co-Founders and Finding Purpose After

    Most founders discover the frameworks for successful exits too late. Julie Ellis, co-founder of Mabel's Labels, learned them the hard way—and she's sharing exactly what she wishes she'd known before selling to Avery Label after 10 years. The Story Four mom co-founders turned a basement operation into one of Canada's most celebrated women-led exits. They built Mabel's Labels from scratch, scaled to 40 people, and navigated a five-month acquisition process.  What You'll Learn Julie delivers powerful honesty about both sides of the exit equation: The IQ Side (What Most People Prepare For) Why two years is the "magic time" for tax planning and structural setupHow their 17-18 tab due diligence spreadsheet revealed gaps they didn't expectThe reality of normalized EBITDA add-backs and financial preparationsThe EQ Side (What Nobody Tells You) The identity crisis: selling meant selling friendships and community with itGoing from four co-CEOs to employee status overnightThe principle that changes everything: "you have to add before you subtract"The Journey After Julie shares her path through the post-exit darkness—from a three-day "vacation" to jumping back into transition chaos, taking an interim role at SnuggleBugz, and building a coaching practice to help founders prepare for the entire exit journey, not just the deal itself. Who This Is For If you're building toward an exit, working with co-founders, or wondering whether you're creating a job versus an asset, this conversation arms you with the hard truths about partnership dynamics, real preparation timelines, and why the finish line is actually just the beginning. Show Notes: 00:00 The Birth of Mabel's Labels 06:05 Navigating Co-Foundership Dynamics 12:00 From Idea to Market Success 17:57 Scaling Operations and Strategic Planning 23:48 Preparing for Acquisition 29:53 The Exit Journey and Lessons Learned 31:05 Navigating Financial Normalizations 34:03 The Acquisition Journey 39:47 Transitioning from Founder to Employee 42:39 Cocooning and Finding New Purpose 48:56 Preparing for an Exit: Emotional and Practical Insights – This episode is brought to you by Exit Horizon. Our mission is to help strategic Canadian founders build systematically toward fulfilling exits using proven methodology from entrepreneurs and advisors who've actually navigated successful deals. We compress the learning curve so you can build with the end in mind from day one, not piece together exit strategies when it's too late. Apply now to join our next cohort or book a quick call to learn more about what might be the right place to start for your business. Visit exithorizon.com.

    54 min
  4. 10/07/2025

    Narbe Alexandrian: Building a 40-Year Private Equity Fund That Buys Vertical SaaS to Build, Not Flip

    In this episode of Getting to the Deal, host Krystyn Harrison sits down with Narbe Alexandrian, founder and CEO of Define Capital, a permanent capital firm that's rewriting private equity rules by acquiring vertical SaaS businesses to hold forever through a 40-year fund, not flip in 3-5 years. Before founding Define, Narbe served as president and CEO of RIV Capital, raising over $150 million and surviving three changes of control in just 16 months—experiences that shaped his radical philosophy: "We don't do deals on spreadsheets anymore. We do deals on trust. The price gets the headlines, the alignment builds the legacies." Narbe shares the pivotal conference encounter with a founder whose traditional PE buyer tripled prices, gutted R&D, and destroyed his earnout, crystallizing the question: what if private equity preserved legacies instead of extracting value? He reveals his strategic framework for evaluating companies (90%+ gross retention, diversified customer base, founder independence), why he walks away from businesses where founders do everything themselves, and his counterintuitive post-acquisition approach of spending 90-180 days observing with a magnifying glass before changing anything. The conversation explores why "building for the next 90 days destroys the next 10 years," the critical question he asks every lower mid-market founder ("if you have great economics and 25 years in business, why aren't you $30M?"), and his practical advice: take every inbound buyer call to get free consulting on what makes businesses valuable, then systematically prepare for founder independence. If you're a founder who's built something valuable but feels burned out, or you're worried about what happens to your team and customers after exit, this conversation reveals there's a different path—one where culture matters more than spreadsheets, relationships trump transactions, and your legacy can thrive for decades beyond your involvement. Show Notes: 00:00 Redefining Private Equity: Building vs. Flipping 06:54 Narbe's Journey: From CPA to Private Equity Leader 15:05 The Evolution of Venture Capital and Market Dynamics 22:06 Understanding the Private Equity Landscape 29:46 The Importance of Culture in Business Transactions 36:59 Navigating Post-Acquisition Success 43:53 Advice for Founders: Preparing for Exit – This episode is brought to you by Exit Horizon. Our mission is to help strategic Canadian founders build systematically toward fulfilling exits using proven methodology from entrepreneurs and advisors who've actually navigated successful deals. We compress the learning curve so you can build with the end in mind from day one, not piece together exit strategies when it's too late. Apply now to join our next cohort or book a quick call to learn more about what might be the right place to start for your business. Visit exithorizon.com.

    47 min

About

Worth Owning is a podcast for founders who want to build real wealth- without burning out to get there. Hosted by Krystyn Harrison, cofounder of Horizon Advisors, the show features unfiltered conversations with entrepreneurs at every stage: the ones deep in the build, the ones who've exited, and the advisors who understand what it actually takes to win. We believe healthy founders build more valuable companies. Not "build at all costs" - build with intention. Each episode covers the stuff that moves the needle: pivots, plateaus, psychology, mindset, and the path from operator to owner. Whether you're scaling, preparing for an exit, or figuring out what comes after- this is for you. New episodes every other Wednesday.