What is your exit strategy?
April 18, 2007
Periodically I take meetings with venture capital and private equity folks who want to invest in our business. We are not interested in raising money, but I love an excuse to talk about our business. The one question that I don’t have a good answer for is, "What is your exit strategy?"
Exit strategy? Why do I need one? John Dovorak explained, "At one of the parties, a guy walked up to me to complain. "The trouble with you business writers is that you always ask about exit strategies. If I was Elvis Presley and you came up to me, would you be asking about exit strategies? Would you ask me what’s my business model?"
I want to build a business I don’t want to exit. . .
