How Hosted CEO Rich Lee turned $375K into a $310M exit

May 20, 2014

As published in Triangle Business Journal

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He started with $375,000. A few years later, it became a $310 million exit.

 

Rich Lee

Rich Lee, founder of Raleigh-based Hosted Solutions, which was sold in parcels to a private equity firm in 2008 and then to Windstream in 2010, is enjoying his semi-retirement.
 
He's replaced the number crunching with traveling, the sales calls with down time at what used to be Peter Loftin's north Raleigh estate. But his mind often returns to the early days, when he first stepped off the plane at Raleigh-Durham International Airport (RDU) to what would become one of the Triangle tech sector's biggest exits.
 

 

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