By All Means

100. Serial Entrepreneurs Dan Mallin and Scott Litman

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Sinopsis

Dan Mallin and Scott Litman have become synonymous with entrepreneurship in Minnesota. Together, they’ve co-founders several successful technology startups starting with Imaginet in the 1990s and moving on to Magnet 360, a marketing tech firm they sold to Mindtree in 2016 for a reported $50 million. In all, they’ve had four exits of their own, and advised countless others. Beyond their own companies, Litman and Mallin may be even better known as the founders of the Minnesota Cup, the state’s largest startup competition. Launched in 2005, it’s become the gold standard for startup contents—a rite of passage for many Minnesota companies that have gone on to great success and exits of their own. For the last six years, Litman and Mallin have been building another tech company: Lucy. Unlike their previous service-based businesses, this one is a product: an AI-powered management platform designed to help businesses keep track of internal files and documents and find answers quickly. But beyond innovation, this is