



Jason Bornhorst is a serial entrepreneur, product visionary, and technologist known for building and exiting high growth software companies in complex, regulated markets like travel, healthcare, and fintech.
His entrepreneurial journey began with Mobil33t (which created the DoGood app) selling its intellectual property to Tonic in 2010. Shortly thereafter, his work on Mobiata, a developer of top grossing travel apps like FlightTrack, led to its acquisition by Expedia in 2010. He then co-founded Patient IO, a care coordination platform focused on patient engagement, leading it to an acquisition by athenahealth in 2016. Most recently, Jason co-founded and led First Dollar, a consumer health fintech company, to a successful exit.
Jason's expertise lies in leveraging superior user experience and software design to simplify complex backend problems in traditionally analog industries. He possesses a rare combination of product engineering fluency and strategic market vision.
Today, Jason works with founders in B2B software, digital health, and fintech—helping them transition from product market fit to defensible scale, navigate complex regulatory landscapes, and execute high value strategic exits.
“I believe the greatest value is unlocked when you apply beautiful software to ugly industry problems. My journey has taught me how to translate complex mobile and health solutions into scalable systems that strategic buyers simply must have.”
Schedule a call with an Exitwise advisor to learn more about engaging Jason to Maximize Your Exit™.
Mobiata, a developer of best selling consumer travel applications including FlightTrack, was acquired by the global travel eCommerce giant Expedia in 2010. The transaction provided Expedia with critical mobile design talent and immediate market leadership in the rapidly accelerating consumer mobile app space.
Mobil33t, a student run company co-founded by Jason Bornhorst, developed the DoGood iPhone application. In 2010, the application's intellectual property was acquired by Tonic, a digital media company focused on promoting positive news and social impact. This early exit provided a foundational lesson in creating viral, sticky mobile applications and successfully commercializing unique consumer IP.
Patient IO, a care coordination platform providing digital engagement tools for patients and providers, was acquired by the major healthcare IT company athenahealth in 2016. The acquisition was executed to accelerate athenahealth's shift into value based care delivery and population health management, integrating Patient IO's mobile first functionality into its core provider services.
First Dollar, a fintech platform focused on simplifying and improving Health Savings Accounts HSAs and other consumer directed health benefits, was acquired by Inspira Financial in 2025. This exit represented a successful realization of value in the burgeoning health fintech sector and provided the acquirer with a modern, consumer centric platform to upgrade its benefits administration services.

Give us a call to learn how helpful an Exited Founder can be when selling your business.
Todd Sullivan
CEO, Exitwise
Increase in Sales Price
Increase in Number of Offers
Increase Transaction
Success Rate
Accelerated Time to Exit
This Exited Founder offers personal M&A experience and deep professional networks in their respective industries to help you Maximize Your Exit.™
Every Exited Founder’s goal is to make sure you create the exit you deserve. Engaging is easy!
An Exited Founder is an entrepreneur who has founded or cofounded a company and successfully exited his or her company through an IPO, M&A transaction, recapitalization or secondary share transaction. Exited Founders have joined ExitWise to help their fellow founders maximize their exits.
An Exited Founder brings expertise in building a company, M&A deal-making, a network of potential buyers, and experience navigating complex financial, legal and employment issues. An exited founder can not only be a great personal mentor during your exit process but can also help maximize your company's sale price, reduce risks, and ensure a smoother transaction.
Exited Founders typically offer:
- M&A education Founder Mentorship
- Business valuation advice
- Access to top M&A experts to build your M&A team
- Incredible personal networks with strategic investors and buyers in their industry
- Negotiation skills with potential buyers
- Deal structuring and transaction experience
- Advise on Coordination of legal, financial, and tax professionals
- Assistance with due diligence
- Advice on major personal and professional decisions throughout the M&A process
Our Exited Founders have free access to Exitwise valuation services and have visibility into private transaction data in their industry. Exited founders assist investment bankers that use various methods, such as comparable company analysis, discounted cash flow analysis, and market trends, to assess the value of your business. Exited Founded can also factor in your industry dynamics and your growth potential to help negotiate an optimal sale price on your behalf.
Industry experience: Ensure they have exited a business in your sector.
Track record: Ask about their personal exits and how they have helped other business owners with M&A.
Network: A strong personal and professional network of potential buyers is key.
Communication: Choose someone you can trust and communicate with easily.
Industry Stature: Exited founders bring different levels of credibility to your team which can have a dramatic effect on how buyers value your business.
The process can take anywhere from 6 to 12 months or longer, depending on market conditions, the size of your company, and the complexity of the transaction. Exited Founders absolutely help expedite the process.