The Carve-Out

He needed capital for some big plans but didn’t want to cede control. That required a different kind of investor.
RON MITCHELL He’d started enough companies to know that he didn’t want to deal with venture capital.

Recruiting software company Virgil was just three years old when founder Ron Mitchell went looking for an acquisition that would allow the business to scale faster. But, like many young firms, the Chicago-based Virgil, which matches workers with employers through testing, lacked capital. He did not lack experience, though, which has plenty of

You're reading a preview, sign up to read more.

More from Inc.

Inc.2 min read
Fired Up
Heath Ceramics was strong on cachet, but weak on its balance sheets. Then a designer couple came along to save it.
Inc.3 min readTech
The Destination Miami
Immigrants, limitless co-working spaces, and a dash of the good life make the No. 13 Surge City an entrepreneurial hotbed.
Inc.3 min read
The Mom-and-Pop Shop
The couple’s game plan includes celebrity partners to fuel Blaze Pizza’s fast-break growth.