Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

I Sold off 5% of my $54M Business

4 Oct 2025 · 1 min

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1:08

Mike Andes announces he raised $1.5 million at a $30 million cap, selling roughly 5% of his company to members of Augusta Nation. He clarifies the business is packaged as "Mike Holdco," which comprises three divisions: Augusta franchise, Copilot CRM (software), and media operations. Andes explains the strategic reason for bringing on investors—to accelerate growth while retaining control (he states he will still own over 70% even after going public) and gain accountability from external stakeholders.

Questions this video answers

$1.5 million

$30 million cap

Approximately 5%

Mike Holdco

Augusta franchise; Copilot (Copilot) CRM and software; media operations

Chapters

We raised $1.5 million at a $30 million cap, which is 5% of the business is now owned by members of Augusta Nation. Honestly, I get a little nervous about it. And when I say the company, I'm talking about Mike Holdco, that consists of three different departments. Number one is Augusta franchise. Number two is Copilot, CRM and the software side. And three is all the stuff we do with the media side of things. All that packaged together is the Mic Holdco, and this kind of came as a result. Also, something that Alex has talked about over the past year, and that is people like Elon Musk, Jeff Bezos is they only own like 8%, Jeff Bezos, 20% of Tesla, Elon Musk, and yet they are some of the richest people in the world. And so instead of thinking so small, it's like, how can I bring on the right people, use capital to be able to accelerate the businesses and grow much faster. I know some people get really nervous when you start talking about, you know, going public or having investors, but I will still own over 70% of the business even once we go public. And so I believe that by having all the voting power and the shares of the business, I'm able to still have all the control, but be able to have other investors that hold me accountable as well as act in the best interest of all the members of the community that we serve.