
#54 Leon Szeli: On Selling Presize to Meta, Rejection as Fuel, Life After the Exit and Why Execution Beats Ideas
In this episode, we talk to Leon Szeli, CDTM alum and founder of Presize, the AI size recommendation startup he sold to Meta in 2022 for a reported $100 million. After four years as a product manager at Meta, he co-initiated the CDTM Venture Fund, the first university alumni fund in Germany, and is now building Valorian, a European community for founders navigating life after an exit. We start with the rejections. CDTM said no three times before he got in, and Meta turned him down years before it bought his company. Leon explains why he keeps aiming at things he probably won't get, and how a childhood spent on projects like building a tree house turned into building companies. Presize was born in CDTM's Managing Product Development course as a smartphone-based sizing tool for factory workwear, before pivoting to e-commerce. Leon is blunt that starting with the technology instead of the problem is a terrible idea. What made it work was execution: parties where people got free beer in exchange for body measurements, and outcome-based pricing where brands only paid a share of the extra revenue after returns. The company raised only about 3 million in total, grew to 50 people, and hired engineers on coding tests instead of CVs, including former lawyers and kindergarten teachers. The Meta deal began with an email that landed in his spam folder and is now framed in his office. Leon walks us through the structure, 50% cash and 50% stock over a four-year earn-out with one condition, "just don't die and don't quit," and what he learned inside Meta about incentives and performance culture. We close on life after the exit: what he sees now from the investor side, why the CDTM Venture Fund raised from alumni with a 98% conversion rate, and why Valorian's Circles act as a personal advisory board for exited founders. We wrap up with a rapid fire round covering everything from founding now versus joining a rocket ship to raising 2 or 20 million, and whether his success was luck or earned.


















