Todd Sullivan is a serial tech entrepreneur and former professional hockey player who has built and sold four companies. Today, he leads Exitwise.com, an M&A advisory platform that helps business owners assemble elite, industry-specific teams of investment bankers, Exited Founders, and deal experts to maximize the value of their exit.
Todd’s entrepreneurial track record includes co-founding CrowdZone, which was acquired by CBS Local, and co-founding Betterfly, which was acquired by Microsoft through a merger with TakeLessons. Both M&A transactions are proof of Todd's ability to build high-growth consumer technology and integrate it into major media and software ecosystems.
After selling his last ecommerce company, SpiritShop.com, in 2015, Todd shifted his focus to educating founders on the M&A process and guiding them through the most important transaction of their lives. As CEO and Managing Partner of Exitwise, Todd advises founders in SaaS, eCommerce, SportsTech, FinTech, and more by helping them strengthen financial integrity, unlock value, build strategic partnerships, position for premium exit values, and assemble world-class M&A advisory teams.
A Yale graduate with an MBA from the University of Michigan Ross School of Business, Todd brings a founder-first mindset to every conversation.
“I’ve been the founder sitting across the table, selling the company I built. My mission is to remove the uncertainty founders feel and ensure they walk away with a life-changing exit, professionally, personally, and financially.”
Schedule a call with an Exitwise advisor to learn more about engaging Todd to help - Maximize Your Exit™.
Todd Sullivan co-founded Crowdzone, a social networking platform that created a dedicated community and fan engagement solution primarily for sports venues. The company was acquired by CBS Local. This transaction was driven by CBS's need to integrate modern real time social features and a dedicated fan-base platform directly into its mobile and media offerings, demonstrating Todd's ability to build software that is highly strategic to large media conglomerates.
Todd Sullivan was co-founder of Betterfly, a digital education, consumer focused platform. Betterfly was eventual acquired by Microsoft after a merger woth TakeLessons. This exit cemented Todd's expertise in building a successful, scalable consumer product that could be integrated into the consumer or commerce division of a major technology company, highlighting high value in platform integration and consumer adoption.
SpiritShop was an online custom apparel and gear company that served over 100,000 schools.
Early in his career, Todd co-founded SHOCKZ, an inline skate suspension system based on technology he invented as a professional roller hockey player. After licensing the technology, the company was ultimately sold to the Amer Group (parent company of Oxygen, Atomic and Wilson).
Hire an Exited Founder to serve as an advisor on your M&A team to enhance market credibility, open doors to more buyers, and create an industry insider’s advantage when selling your business.
Every Exited Founder engagement is designed around your unique goals and the needs of your company. Fees can vary, but most often include either an hourly rate, a success-based fee, or a blend of both—depending on how involved your Exited Founder will be in your process.
After your initial discovery call with an Exitwise M&A advisor, you’ll get a detailed breakdown of the Exited Founder engagement options. We’ll talk through each option to make sure everything feels fair, transparent, and aligned before you decide to move forward.
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.