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Start at the End - Your Exit Strategy - Part 1
Highlights of Start at the End - Your Exit Strategy - Part 1:
- Your exit is the culmination of all the hard work you do as an entrepreneur.
- First - why are you doing this? Why have you chosen to be an entrepreneur?
- Entrepreneurs have complex motivations.
- Investors are easy to understand - we think of your company as a simple black box.
- The truth about investors - we are a pain in the a__s!
- Why you need a good exit strategy before you contact your first investors.
- There is lots of doom and gloom in the media about exits - but they always focus on the really big transactions.
- It's true that the big exits aren't happening very often.
- The big new story is the large number of smaller transactions - that did not drop off during the economic downturn.
- The median price of private company M&A transactions is probably under $15 million - much smaller than you'd think.
- The companies that are being bought for those prices will surprise you.
- How big companies think and grow. Why this is exceptionally good news for entrepreneurs.
- M&A exits are happening earlier than ever before.
- You don't need to grow your company to any specific size before you sell it - it doesn't even have to be profitable.
- All you need to do before you can sell is to 'prove the model'.
- The best time to sell is probably earlier than you think.
- Please don't make the mistake I did - Don't "ride it over the top." Don't wait too long to start your exit.
Part 2 of this video is online here.
Many of these lessons are described in my new book on exit strategies for entrepreneurs and angel investors - www.Early-Exits.com.
Part 2 of this video is online here.
