It is hard work to build a successful business, and the odds are against you. Leading a startup to a successful sale is no easy feat.
Investors, business leaders, and other partners will be interested in partnering with repeat founders when they turn their attention to the next project.
Serial entrepreneurs and repeat founders of startups are among the most closely observed executives in technology.
Many people are familiar with serial entrepreneurs like Elon Musk and Resy founder Gary Vaynerchuk. Sam Altman's OpenAI, which is in the process of receiving a $10 billion Microsoft Corp. investment, is also a well-known name.
There are also many repeat successful founders who are currently working on their next great idea in the innovation ecosystems across the country. American Inno, as 2023 begins, is shining the spotlight on 16 serial entrepreneur to watch in the United States this year.
Here are the results:
English founded Boston travel search engine Kayak with others in 2004. The site was a huge success until Priceline acquired it in 2012 for $1.8 billion. English leads a new app, Deets. It was launched last year and is a source of restaurant reviews and recommendations. Users can ask their friends for recommendations on where to eat the best food. The app will eventually expand to include coffee shops, museums and tourist attractions as well as hotels, cars and computers.
Dunn founded online clothing company Bonobos, which was acquired by Walmart for $310 million. The app is in beta.
Scantland founded the software startup CoverMyMeds in Columbus, Ohio, automating a part of prescription filling to make it easier to get medication for patients. Scantland was the CEO of the company, and helped it grow into a unicorn, which was eventually acquired by McKesson Corp. in 2017 for $1.44 Billion. Scantland now leads AndHealth, an innovative tech platform that aims to reverse chronic diseases by coaching behavioral changes. The startup, made up of former CoverMyMeds staff, raised $57m in 2022.
Otulana is a serial entrepreneur from Birmingham. He has scaled up several businesses including Therapy Brands. This practice management software firm led to Otulana making a substantial exit. He founded Harmony Venture Labs in 2021 to help B2B startup founders create companies. Harmony Venture Labs announced last year that it would launch a new program to assist startup founders in scaling their businesses.
In 2013, Anderson sold her first product, Milkies, which is a breastmilk saver, to Fairhaven Health. She now leads HelloCare - a home care service that provides extra assistance or medical care to those who want to stay at home but need additional help. Portland Inno reported that the startup has grown to 85 staff.
Dotloop is an online platform for real estate transactions, created by a Cincinnati native. Allison sold Dotloop in 2015 to Zillow for $108 millions. Pacaso is a tech company that helps people own a second house. In 2021, it achieved unicorn status just five months after launch. Pacaso became the fastest startup to ever reach $1 billion in valuation thanks to the financing.
John Mackey Walter Robb Betsy Foster
Mackey, co-founder Whole Foods and Robb, Foster, former executives at the healthy grocery chain launched Austin's startup Healthy America last year. According to a SEC filing the company was launched with equity funding of $31 million. It will include a chain plant-based restaurants, wellness centers, and fitness and spa services. Mackey left his position as CEO of Whole Foods at the end of September. Amazon purchased Whole Foods for $13.7 billion in 2017.
Marrone Bio is a bio-based company that produces products for plant health and agricultural pest control. In 2013, the company went public and after a few years, it was sold for $236 millions. Marrone launched the Invasive species Foundation and Invasive specie Control Corp. in Sacramento last year. The two organizations aim to develop biological control methods to combat invasive species on waterways, farms and forests.
Brown, a Philadelphia-based inventor who is a member of the National Inventors Hall of Fame and a prolific innovator, has helped to create innovations in the filmmaking industry, such as the Steadicam. This camera was used in films from Rocky II to The Shining. Brown also invented the SkyCam - a camera which slides along a cable suspended above the football fields in NFL stadiums. Zeen is his latest invention, a hybrid between a wheelchair or a walker. It is a manual device that can help someone get from a seated position to standing without the use of a motor or battery. The device can be used to support a person who prefers to stand up than sit down.
Vora sold AdmitAlly in 2020 to Californian Nestlings, a video-chat platform that connected students with mentors for the college application process. PayTile was launched in the year following. Cincinnati-based PayTile allows private payments to be made without sharing personal information. Its technology is very similar to AirDrop but users are sending money instead of files.
Copps created Brainspace, an artificial intelligence platform for digital investigation that was acquired by a private equity firm in 2017 in a deal worth $2.8 billion. Copps has announced that he completed a $21.2M round of funding for his new startup Worlds Enterprises. This Dallas-based firm builds AI infrastructures for the metaverse. Worlds Enterprises, a Dallas-based firm that builds AI infrastructure for the metaverse and focuses on the industrial sector says it creates "digital twins" of real-world processes to help improve companies' processes.
Arora worked for Apple during the 1980s on the Lisa and Macintosh computer. He co-founded NetObjects in the 1990s. This early website creation tool was bought by IBM in 1997. The Bay Area entrepreneur announced last year that his new company Kyro Digital was receiving $10 million in funding. It is a platform for web3 native development. Kyro aims to make it easy for people to create native web3 applications.
Levin founded Cleveland-based Wireless Environment, in 2006, to develop a line Mr. Beams battery-powered LED lights that homeowners can install themselves for safety and security. In 2017, the company sold to Ring, a popular doorbell camera security system which was later acquired by Amazon. Levine founded a nonprofit corporation, My Home Park, to sell and assemble kits of native plants for wild bees.
Alvarez founded Portland-based product design and strategy company Uncorked Studio. He led it to an acquisition by Fresh Consulting in 2019. Photon Marine is his next venture, a startup that builds high-powered electric motors for commercial vessels. Photon Marine's systems are suitable for use in 18-foot rigid-inflatable boats used to promote tourism on the Galapagos Islands, as well as 80 foot tender vessels used to transport passengers from cruise ships to shore.