Nitin Khanna a Portland Based Serial Entrepreneur

The Silicon Forest is used to big exits however in the lasted decade it has recorded very few exits, and one of them is the acquisition of Saber Corps. Saber Corps was founded by Merger Tech Owner and CEO Nitin Khanna way back in 2009. The Portland-based company had been contracted by the US government to provide some of the government services to the members of the public. The state government services include vehicle registration, issuance of driver licenses and registration of those that are unemployed among others as detailed here.

Saber Corps first acquisition took place in the year 2007 when EDS purchased the firm at a tune of 420 million dollars. Nitin Khanna after the firm’s acquisition continued serving as the firm CEO. Saber Corp a year later was naturally absorbed by HP Company after it acquired EDS. After the purchase of EDS by HP, Nitin Khanna opted to leave the firm and pursue other entrepreneur interests.

Nitin Khanna, an entrepreneur at heart, established another firm together with his brother known as MergerTech. MergerTech is an investment bank that is headquartered in California. The firm focuses on providing capital and offering buyout deals to early-stage firms including small businesses that are worth less than 100 million dollars. Nitin Khanna will serve as the firm’s CEO and will run the business while in Portland. Nitin Khanna’s brother will serve as Merger Tech COO and will be the one carrying out the business operations in California.

Nitin Khanna is optimistic that the new investment will have a substantial market for its services. The niche that Merger Tech chose is free from completion from big investment banks that targets big businesses. According to Nitin Khanna, Merger Tech considers three factors when selecting potential clients. One of the things that they look out for is businesses that are in distress and are seeking for a fast buyout deals to salvage investors equity. The second category of business that Merger Tech deals with is those companies that are growing and are look for investors. Lastly, Merger Tech looks for mature startups that want to exit.

More about his latest ventures can be read via this link https://medium.com/@NitinKhannaCeo/nitin-khanna-riding-the-cannabis-wave-with-cura-cannabis-solutions-9fcf612ee529

 

Chris Burch: a Serial Entrepreneur and the Current Administrator of the Nihiwatu Resort

Chris Burch with the help of his friend, James McBride, acquired a hotel in the Indonesia Island in 2012. This entrepreneur spent about $30 million restoring the hostel and named it Nihiwatu. In 2016, after it was officially launched, Nihiwatu was listed as the best hotel by Travel + Leisure.  Check businessinsider.com for a related reading.

Chris Burch acquires an Indonesian Resort

According to Chris Burch, he acquired this piece of property for his children and also as a way to uplift the local community. Nihiwatu has provided jobs for hundreds of Indonesian nationals. Since the hostel was opened, Chris Burch spends a significant amount of time running its day-to-day operations. This hotel has 27 private villas each with a private plunge pool.

Nihiwatu is termed as “The Edge of Wilderness” due to its remote location. The hotel is situated on the west coast of the remote island. Chris Burch and his colleague acquired the hotel from a New Jersey couple and redeveloped it into the gem that it has become. Under Chris Burch’s leadership, the hotel is involved in various philanthropic activities and donates to the Sumba Foundation. This hotel offers a variety of entertainment options, including yoga sessions, plunge and infinity pools, surfing sessions, among other excursions. Nihiwatu provides services at affordable rates, and customers are guaranteed fun activities at all times.

About Chris Burch

Chris Burch is an entrepreneur and the chief executive of Burch Creative Capital. He has been in business for the last four decades. Chris Burch has interest in fashion, real estate, finances, consumer products, hospitality, and technology.   According to bjtonline.com, Chris Burch is a graduate of Ithaca College, and his current net worth is $1.0 billion. Early in his career, he invested his time in the fashion industry, creating Eagle Eye Apparel. Having grown this business to a multi-billion dollar enterprise, he sold it. Then, he teamed up with his wife to set up Tory Burch fashion label.  For update on his recent timeline activities, hit on crunchbase.com.

A must-read interview article  here.

Chris Burch has since been able to set up numerous companies, including Burch Creative Capital, C. Wonder, and the Internet Capital Group. Chris Burch has invested in real estate ventures, such as Faena Hotel+ Universe and the Nihiwatu Resort. He has served on the board of Rothman Institute Orthopedic Foundation, the Continuum Group, and The Pierre Hotel. This serial entrepreneur spends his spare time with his children. Chris Burch is the father of Alexander, Elizabeth, Louisa, Henry, Nicholas, and Sawyer Burch.  Read more about his creative vision and output, head over to burchcreativecapital.com.

Have a glimpse of his famous resort on https://www.forbes.com/sites/lauriewerner/2014/11/05/indonesias-next-wave/#2db20ae3e43e