Exitround Forms Industry Council and Announces First Exit

SAN FRANCISCO, July 9, 2013 /PRNewswire/ -- Today Exitround announced the formation of an Industry Council and its first exit.  Co-founder Jacob Mullins, most recently of Shasta Ventures, has left to lead Exitround full time and is joined by Greg Dean, an engineering executive from Avira, a company he joined after his firm SocialShield was acquired in 2012.

The Industry Council, which is made up of some of the world's most respected entrepreneurs, corporate development professionals and investors, will help guide Exitround and provide educational resources that help startups and buyers navigate the acquisition process. They are:

●     Pat Matthews, Senior Vice President Corporate Development, Rackspace

●     Adeo Ressi, CEO & Founding Member, The Founder Institute

●     Ted Rheingold, Founder of Dogster/Catster; Entrepreneur

●     Mark Seneca, Partner, Orrick (represented Instagram during its acquisition by Facebook)

●     MG Siegler, Writer and Investor

●     Ryan Spoon, Senior Vice President Product Development, ESPN

●     David Tisch, Managing Partner, Box Group

"We're pleased to announce these well respected and accomplished luminaries have joined our industry council as their unique backgrounds and knowledge will help our startups and buyers get the most out of Exitround," said Jacob Mullins, CEO of Exitround.  "The recent transaction highlights the need for our marketplace and the value we bring to the community.  Going forward,  we're starting deploying sophisticated machine learning algorithms that will match the characteristics of startups with the preferences of individual buyers. This will help both buyers and startups connect earlier and get more efficiency out of the marketplace."

Key Insights and Stats
Since launching Exitround several insights and stats have emerged.

●     200+ Buyers including 16 public companies, nine of which hail from Fortune 500 firms; robust interest from Buyers outside of traditional "Big Tech" acquirers.

●     Android product teams and developers are in high demand, even more so than iOS.

●     Ruby on Rails product teams are the highest platform in demand, exceeding Python.

●     Product teams with strong engineering fundamentals are most in demand as opposed to specialized expertise, for example in mobile.

●     The average Exitround startup consists of 7 people; 5 of whom hold technical positions and they have raised approximately $634,771 to date.

●     The majority of startups come from the US (67%) while 33% are based internationally.

Additional details about the Industry Council, key stats and trends and Exitround can be found at: http://exitround.com/blog.

About Exitround
Exitround is a private, anonymous marketplace for startups to discreetly explore strategic opportunities with buyers. Visit www.exitround.com or follow us @exitround to learn more.

Media Contact
Jacob Mullins                                                                      
[email protected]         

SOURCE Exitround