CEO once turned down an ‘earth-shattering' $500,000 windfall—now his business is worth $633 million

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Gecko Robotics co-founder and CEO Jake Loosararian was nearly broke when he got a “transformative” acquisition offer for his startup. Here’s…

, a Pittsburgh-based startup he'd launched right out of college with wall-climbing robots that scanned infrastructure like power plants and nuclear missile silos for structural issues. So when a customer offered him $500,000 to buy the company, seemingly out of nowhere, the"transformative" offer stopped him dead in his tracks, he says."It was earth-shattering money for me," says Loosararian.

"I just fundamentally could not agree with that, as it relates to how you build robotics. You've got to build it close to the customers out in the field," says Loosararian, who's seen robotics startups"die, time and time again" by assembling and testing solely in labs.

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