If you want to sell your startup to Morningstar
, try calling Joe Mansueto
| Joe Mansueto|
tells the tale of how Pitchbook Data
CEO John Gabbert
got Morningstar to invest in Pitchbook and then later buy it up completely. The sale closed
a couple of weeks ago.
The story offers an interesting insiders' account of the trials of a startup (in this case, one that tracks venture capital and private equity investments) which began with funding from its founder, plus friends and family. And it also offers a glimpse at the way Mansueto and his team make investments in other companies. Gabbert called Mansueto directly in 2009, and Mansueto himself called back and soon bought 14 percent of Pitchbook. Kunal Kapoor
, Mansueto's successor
as CEO effective January 1, 2017, even sat on Pitchbook's board.
Neil Anderson, Managing Editor
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