Entrepreneur 2 Entrepreneur: Wade Beavers on acquisitions



Wade BeaversAs a founding partner and the CEO of Rochester’s DoApp, Minnesota tech entrepreneur Wade Beavers knows firsthand just how schizophrenic startups can be.

The hybrid product/service firm has been in the mobile game since the early days of 2008, having gained Apple’s approval early.  They subsequently created some of the first 500 apps to hit iOS before it was cool.

With dozens of apps now under their belt, DoApp’s mobile creations have been downloaded millions of times. They have a basket of core products, which until recently, included mRemedy — a joint venture formed in 2009 with the Mayo Clinic intended to better connect patients with providers.

Just as mRemedy was beginning to find its own stride in the market, it was discovered and purchased by Raleigh, N.C.-based Axial Exchange earlier this month.  The terms of the transaction were not disclosed, but some Beavers’ thoughts on the acquisition are: