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Mark Jaine of Intelex presents Compound Improvement
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Learnings from a $767 Million Buy Out | Mark Jaine, President & CEO of Intelex
Watch on YouTube ↗Founder Journey ft. Mark Jaine
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In their words
We just sold the company for seven hundred sixty seven million dollars back in June. I'm going to try to encapsulate the story of that in five minutes.
We were bootstrapped up until 2015 — about 50 million in revenue at that time, never took a dollar of investment prior to that. If you could do that, do that. It's not a victory to raise money. Don't be excited or proud of yourself for doing it. That is not the goal.
I worked at Intelex for 20 years. I had that question every year, a thousand times: what was the inflection point? There was no inflection point. You always hear about compounding interest in financial terms — think of it in life terms, as compounding improvement.
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Quick answers
What is Mark Jaine known for?
Running Intelex for 20 years. He arrived in 1999 as a 21-year-old intern on $24,000 a year, became President in 2006 and CEO in 2009, and sold the company to Industrial Scientific in 2019 for $767 million.
Did Mark Jaine found Intelex?
No. Intelex was founded in 1992 by Andrew Jaine and Ted Grunau. Mark Jaine joined in 1999 as an intern, led the company in practice from about 2003, and ran it until the 2019 sale.
What does Mark Jaine do now?
He angel-invests in about 18 companies and is building a new company, he told the TechTO stage in January 2026. He was chairman of Peerscale for roughly ten years.