Inc.

YES, THERE CAN BE SYNERGY IN A BUYOUT. IF NOT, WHY BOTHER?

MIKE LEE He sold MyFitnessPal because he believed in the strategic vision that Under Armour CEO Kevin Plank had outlined.

WHEN MIKE LEE SAYS “we,” it’s rare that he’s referring to the staff of MyFitnessPal, the fitness and nutrition app company he and brother Albert co-founded in 2005. More likely, Lee is referring to colleagues at Under Armour, which bought MyFitnessPal for $475 million in February 2015.

It took a while for Lee to take the money. And when he did, he

You’re reading a preview, subscribe to read more.

More from Inc.

Inc.6 min read
Steve Young Shares Lessons From the Private Equity Playbook With a First-Time Founder
Not many entrepreneurs have both professional football and private equity on their résumés. But Steve Young has always been something of an overperformer. During his 15-year career in the NFL, the Hall of Fame quarterback earned himself three Super B
Inc.2 min read
Sheila Johnson
As told to Christine Lagorio-Chafkin SHEILA JOHNSON IS America’s first Black female billionaire. She’s lived multiple entrepreneurial journeys, from co-founding BET in 1980 to creating her luxury resort management company in 2005. She’s since purchas
Inc.1 min read
Piersten gaines
26 Going Fishing for Sharks FOUNDER AND CEO OF PRESSED ROOTS Piersten Gaines's first real pitch, to Shark Tank‘s “Mr. Wonderful,” Kevin O'Leary, did not go well. To start, her concept for Pressed Roots—a Dallas-based salon chain focused on curly and

Related Books & Audiobooks