Sonny Vu, founder of Misfit: $260 million sale to Fossil
Sonny Vu is a serial entrepreneur turned investor and advisor. Along with cofounders John Sculley (former Apple CEO), Sridhar Iyengar and Christy Trang Le, Sonny started, ran and sold Misfit – one of the most iconic wearable brands on the planet. On this episode of the Startup Exits Podcast, we chat with Sonny about: • How to come up with the right ideas and analyze the market and competition. • Sonny's experience with Noam Chomsky, John Sculley, Vinod Khosla and Bill Gates. • How Apple influenced Misfit. • What makes the right founding team? • Learning how to sell is the key to success. • How to partner with large brands as a small startup. • Remote teams for startups. • How Fossil acquired Misfit. • Reasons why companies may want to buy your startup. • Transitioning from a startup to a large corporation. • Future of wearables, AR/VR and battery tech. Sonny now invests in startups with planet-level impact via Alabaster. Startup Exits is brought to you by StartupSoft. New episodes on the 15th of every month, subscribe for more.