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David Lovett’s 18 year Journey and Exit

Just listened to the awesome story of David Lovett‘s Perceptive Engineering Exit story yesterday.

Dave was brought in to lead a University spin-out in 2002. He raised investment, bought the investors and the university out through an MBO and Exited to Applied Materials.

Dave and his team moved to Sci-Tech Daresbury just after me and a few early innovators in 2006. I left in 2011 and rejoined a few years back. Dave continued to leverage the campus all the way to the Exit.

At the time of Exit, Dave owned 30% of equity, which in my book, is an awesome stake to hold.

Dave also changed a service business into a product business over time. They were pioneers of the use of machine learning.

Thanks, Dave for sharing this awesome story.