Building At Wharton And Selling To Lyft - An Education in M&A | Kenan Saleh

The Wise Exit

E51: THIS WEEK'S GUEST - KENAN SALEH

In this episode, Kenan talks about:

• His decision to sell Halo Cars to Lyft so early in his entrepreneurial journey
• How mentally and emotionally difficult due diligence is after signing an LOI during M&A
• His advice for other founders thinking about the M&A process, and how his experience will influence his next venture

GUEST BIO:

In October, 2018 as a student at Wharton (University of Pennsylvania), Kenan Saleh co-founded Halo Cars, a transportation ad network. After striking a business development deal with Lyft, one of the largest ride sharing platforms in the world at the time, Kenan and his team made the decision to sell Halo Cars to Lyft.

Although he was just nine months into launching his business, Kenan decided to use M&A as a way to more quickly achieve his vision for Halo and reduce the competitive threat of the sleeping giant he had just woken up.

Today, Kenan is an Advisor, Board Member, Angel Investor, and since transitioning out of Lyft is using his time to work on something new.

We hope you enjoy the conversation with Kenan Saleh.

WHERE TO FIND KENAN SALEH:
LinkedIn
X (Twitter)

EPISODE REFERENCES AND READING MATERIALS:
2021 Forbes 30 Under 30
Lyft Buys Halo Cars
Lyft creates media division to cash in on in-car ads (TechCrunch)
How To Maximize The Value Of Your Business (Exitwise blog)