42-year-old sold his company for $1.3 billion: ‘One of the traits of highly successful people is really never being satisfied’

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Emery Wells sold his software startup Frame.io to Adobe for $1.275 billion. His key to success: Never become complacent.

for $1.275 billion, a culmination of seven years of hard work building and perfecting his software platform. Pulling off a billion-dollar exit can be life-changing, but Wells was soon back at work and thinking about what comes next, he says.

"I think one of the traits of highly successful people is really never being satisfied or never thinking you're done," Wells says.. The most successful people also tend to seek out discomfort, like learning a difficult new skill to advance their career, and constantly hold themselves to high standards to strive for excellence, Wharton organizational psychologist Adam Grant

Wells could have continued with Katabatic, making a good living, for the rest of his career. Instead, he and Katabatic engineer John Traver started tinkering with software coding in their spare time — hoping to build a piece of software they could sell for big money, Wells says. "I was like, 'Well, I'm not actually successful in this group of people,'" says Wells. "That's a wild thing ... 'Am I king of the world? Not at all.'"Having sold a billion-dollar startup, Wells says he's no longer "super motivated by trying to achieve some new financial level.

 

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42-year-old sold his company for $1.3 billion: ‘One of the traits of highly successful people is really never being satisfied'Emery Wells sold his software startup Frame.io to Adobe for $1.275 billion. His key to success: Never become complacent.
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42-year-old sold his company for $1.3 billion: ‘One of the traits of highly successful people is really never being satisfied'Emery Wells sold his software startup Frame.io to Adobe for $1.275 billion. His key to success: Never become complacent.
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