#1 Behind the Scenes of a $140 Million Sale: Keith Schacht's Journey with Mystery Science

The Exit Strategy is a podcast where founders share the real stories behind selling their businesses—the good, the bad, and the ugly. From tough decisions to unexpected wins, we dive into what it really takes to walk away and what they did next. It's the good, the bad, and the buyout.Keith Schacht is one part inventor, one part explainer, and one part entrepreneur. He has started many companies and sold a few. his first was in college; He sold it his junior year and dropped out. His "first love" was a company called Inventables. It opened many doors like speaking at TED, meeting amazing people, and it had a modest outcome. His  biggest success was Mystery Science, he co-founded this with Doug Peltz, better known as Mystery Doug, and it became the most widely used science curriculum in American schools. I was privileged to be involved in the sale of this  company to Discovery Education in 2020 for a reportedly $140M.Here is a behind the scenes look at this sale. Find more episodes here.