Mike Kovarik is the founder and former CEO of Attribytes, a software company he started, grew, and successfully sold in just over five years. Mike was a data analytics leader at large food distributors, where he discovered a chronic challenge with low-quality product data in their massive e-commerce systems. He quit his job, built a product with a friend, and his former employer became his first customer.
Attribytes grew steadily in the next few years, serving food distributors and retailers in the US, with Mike making the first sales and slowly adding new employees. He invested his savings in the company and raised just over $2 million from a strategic and several angel investors in Phoenix, Arizona. They grew to nearly $5 million in ARR in 2019 with just over 20 employees.
In 2020, Mike sold the company to Syndigo, a larger data management provider that served the same industry. He joined Syndigo for over a year to lead the acquisition of other data management companies to expand their product offerings. When their acquisition strategy changed in 2022, Mike left to take a break and then acquire and retool another vertical software company called ShopControlller.
About Practical Founders and Greg Head
Practical Founders build valuable software companies without big VC funding. This growing community of practical founders are winning the startup game with successful exits of $20 million to $100 million for founders, if they ever choose to sell. There has never been a better time to be a practical founder.
Greg Head is Founder in Chief of Practical Founders. He is a 30-year software industry veteran who was part of the startup-to-scale journeys of three different CRM software companies, including one IPO. He is now an active advisor, community builder, and speaker who helps founders of SaaS software startups worldwide.
Greg is a paid strategic advisor to 40 early-stage SaaS company CEOs with his Practical Founders Peer Groups and his 1-1 CEO advisory programs. He hosts the weekly Practical Founders Podcast, interviewing successful founders who grew valuable software companies without big funding.
Connect with Greg and Practical Founders:
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