BizSugar.com › Strategy › Make Your Own Luck and Get Acquired

The first thing to know about getting acquired? There’s no one route. In fact, at their SXSW panel in Austin, Texas, “The 5 Secrets to Getting Acquired," HelloWorld chief executive officer Matt Wise and Gabe Karp of Detroit Venture Partners opened their presentation by saying that there are no secrets. Says Wise, "The majority of people who get acquired are dumb lucky and many are just dumb."

That said, there’s still a lot to be learned, especially from this duo. HelloWorld is a mobile engagement platform that’s been involved in 6 acquisitions in just the past 2 years. Karp hails from a Detroit-based VC firm with the ambitious goal of rebuilding that shattered city through seeding new tech companies. Here are their tips for how you can make your company look appealing for a buy.