Exiting the Company

07/28/2016 00:02:20 to watch
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Venture capitalists care a lot about the exit because they have investors as well, but they might not always care which way it occurs. Typically, exits can occur in two ways: mergers and acquisitions or IPOs (Initial Public Offerings). As an entrepreneur, make sure you have an idea of how you’d like to see an exit take place.

Suggested Readings

Founders School || Financing Your Venture: Venture Capital || Exiting the Company || Impact Guide (PDF).

Bussgang, Jeffrey. 2010. Mastering the VC Game: A Venture Capital Insider Reveals How to Get from Start-up to IPO on Your Own Terms. New York: Penguin Group. Chapter 6 “Jackpot: Routes to Cashing Out”.

Mark Suster. “Some Quick Thoughts on Exits for Technology Startups.” Both Sides of the Table. Blog Post. Nov 9 2012.

Fred Wilson. “Who Decides When to Exit.” AVC.com. Blog post. Sept 18 2009.

Questions for You

How do I want an exit to occur in my company?

Do I want to be acquired? If so, which companies would be good cultural and strategic fits?

If acquired, how long would I like to stick around in the company?

How can I prepare for an exit without needing one?

Questions for Your Team

How do our founders think about exiting the company? What would this mean for me and my job or role?

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