Story excerpt provided by Crain’s Cleveland Business.
Written by Ray Leach, CEO JumpStart Inc.
A little more than a month ago, local LED lighting company Mr. Beams was acquired by fast-growing California home security startup Ring. At the time, it seemed like an ideal finale for an awesome startup, led by two great co-founders in David Levine and Michael Recker.
Only it wasn’t the finale.
Turns out, the culmination of this startup story came on Feb. 27, when Amazon.com announced it was acquiring Ring in a massive deal estimated to be worth more than $1 billion, giving Mr. Beams’ innovative LED lighting technology — developed right here in Cleveland — a home at one of the world’s largest retailers.
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Originally published March 4, 2018.