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Scaling to Grow vs Scaling to Exit: Why Growth Doesn't Always Build Value
Revenue keeps growing but valuation doesn't move? On the M&A Mastermind podcast I explain the difference between creating value and building transferable value, and the 1% moves that close the gap.

Claire Mula
2 hours ago4 min read


From digitalized start-up to scale-up
Opening the black box of scaling in digitalized firms towards a scaling process framework. After three years of effort, we are delighted that our research into how digitalized start-ups transform as they scale has been published by Technology Forecasting & Social Change journal! The full article is available in Technology Forecasting & Social Change vol 202, May 2024. Download the full article here The authors are extremely grateful to the anonymous reviewers and special iss

Claire Mula
Mar 3, 20242 min read


How do Technology Start-ups Transform during Scaling?
Our research on Scaling Up Technology firms was presented today at the Academy of Management’s Annual Meeting in Boston. Here is a summary of what we found. The research paper “The Scaling Process: How do High-tech Start-ups Transform during Scaling” dives deep into digitalised or technology-based firms. Specifically on those exceptionally rare firms that successfully transition from a product-focussed start-up to a high and efficiently growing firm capable of growing to a l

Claire Mula
Aug 9, 20235 min read
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