Hey everyone, when I wrote this article (and Ryan and I recorded the podcast) it was after a bunch of Founders had mentioned they were concerned about not having an "Exit Plan" for the business.
I thought that was funny, because many of them didn't have investors (who require an exit plan!)
I think in today's era when where funded companies are so sensationalized, we forget that most people don't build companies to sell them, and even if we do, it's nearly impossible to have an "exit plan" that doesn't begin with focusing on something people want to build to begin with.
I'd be curious to hear whether anyone here has been through an exit (I've been through 10, 4 of my own and 6 where I was the buyer) and whether or not you believe an "exit plan" is a real plan or just a general idea of one particular outcome.
Wil Schroter
Hey everyone, when I wrote this article (and Ryan and I recorded the podcast) it was after a bunch of Founders had mentioned they were concerned about not having an "Exit Plan" for the business.
I thought that was funny, because many of them didn't have investors (who require an exit plan!)
I think in today's era when where funded companies are so sensationalized, we forget that most people don't build companies to sell them, and even if we do, it's nearly impossible to have an "exit plan" that doesn't begin with focusing on something people want to build to begin with.
I'd be curious to hear whether anyone here has been through an exit (I've been through 10, 4 of my own and 6 where I was the buyer) and whether or not you believe an "exit plan" is a real plan or just a general idea of one particular outcome.