Serial entrepreneur Dave Balter has started two companies, BzzAgent and Smarterer, that were each acquired for more than $50 million. His latest venture, Mylestoned, helps users collect pictures, audio files, and other memories to create digital memorials for their loved ones. In early June, Mylestoned--just five months after launching--acquired 2-year-old Heirloom, the maker of a print photo-scanning app. The infographic below shows the process by which Balter made the decision to purchase another company, and the lessons you can learn from the deal.

 inline image