PHOTO CREDIT: Getty Images This post comes from the perspective of Sean Mitchell and Dave Darsch. If you do it right, an exit strategy can really be an entrance – the beginning of a new phase of growth and success. In September 2016, we sold Movidius, founded over twelve years ago, to Intel. It’s been a win-win: Intel are already improving their products with our chip-set, and we’re excited to see our technology scale up and realize its possibilities. This successful exit has opened up powerful opportunities for our business. So how did we do it? These 3 lessons I learned can help you in building your company to sell to the best. 1) Have vision – and be ready to adapt that vision The iPhone didn’t exist yet when we started out. We started with an idea that our vision-processing chips would eventually be important to the technology industry. But when we began, the market for our technology simply didn’t exist. The lesson here is to think ahead of the market, and be willing to adapt your company’s vision to where the technology was going. While you are hard at work, trying to make your product it can possibly… Read full this story
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