Posts filed under ‘exit strategy’
90% of business owners and CEOs think it is important
to have an exit strategy for their businesses,
and 90% don’t have one.
Apparently, not having an exit strategy is the
massively dominant exit strategy!
I first heard the term when I was coaching the founders of high tech, high growth startups as a volunteer with the VenturePoint SBDC in Orange County, CA. Angel investors and VCs insisted that founders have a clear exit strategy before they would consider making an investment. This often meant cashing out, stepping aside, and turning their company over to professional managers.