Category: Early Exits

Early exits.

Angel Investing

Early Exits Update

by Basil Peters | October 12, 2015 | no responses

Early-Exits-Update2-225x170

This was the opening keynote at the 2015 Colorado Capital Conference.

The Denver / Bolder area is one of several technology communities where angels and entrepreneurs have somehow developed a deeper appreciation for the importance of early exits. It's going to be interesting to see if we can track the difference this makes.

Key Points:

  • The popularity of the Early Exits book surprised me
  • I want to start by empha...

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Angel Investing

Accidental Exits – Lessons from Recent Exits

by Basil Peters | June 3, 2015 | no responses

Accidental Exits

This keynote from an Angel Capital Association regional meeting describes three successful exits that were also what I call "Accidental Exits." By that I mean exits that were the result of an unplanned approach from a buyer. In this very active M&A market, sellers are often being surprised by buyers changing the conversation and offering to buy the company.

Highlights from Accidental Exits:

  • We don't have hard data to help us ...

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Early Exits

Got a Patent? Sell the Company!

by Basil Peters | July 26, 2014 | 18 Comments

Exit Probabilities

I Thought I Understood Patents

When I was CEO of my first technology company I thought I understood how patents worked. But it was only after managing a hedge fund for a few years that I began to appreciate the risks patent holders face. Many entrepreneurs think that the real test of a patent’s value is whether or not it will be granted. But in my experience the real value isn’t known until you’ve spent years, and millions of dollar...

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Early Exits

An Early Exit is Better than a VC Financing

by Basil Peters | October 6, 2013 | 4 Comments

Recently, at an Exit Strategies Workshop in Victoria, someone asked me to compare the pros and cons of an early exit versus a traditional Venture Capital financing. The scenario we used for our example was a successful startup company with a proven business that needed $10 million to $20 million to fund growth. (In this article, I am being precise about the distinction between the business a...

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Angel Investing

Pacinian – Pre-Revenue $30 Million Exit

by Basil Peters | August 13, 2013 | 2 Comments

Pacinian-Pre-Revenue-30M-Exit

In earlier days, entrepreneurs dreamed of founding an innovative start-up and building it into a big company. After many years of solid sales and profits, the company might be acquired, with founders and investors earning a capital gain. But in today's fast-evolving technology marketplace, growing a small start-up into a big company may not be the best strategy. An increasing number of promising start-ups are exiting early at very attractive valuat...

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Angel Investing

Pacinian – The Interview Videos

by Basil Peters | | 5 Comments

Pacinian Video Thumbnail

It's rare to be able to post a detailed case study on an early exit. The most interesting information is usually restricted by a non-disclosure agreement. This is a very valuable opportunity to hear directly from the Chairman and a lead investor about what went on behind the scenes in this $30 million pre-revenue exit. These videos complement the complete written Read More

Angel Investing

Exit Timing – Exits are Happening Earlier – Part 3

by Basil Peters | April 19, 2012 | 2 Comments

Exits in 2012 - Part 3

How Exits Have Changed in 2012 - Presented at the National Angel Capital Association Summit - March 8, 2012 in Austin, Texas -

Highlights of Part 3:

  • Story of a Vancouver company that was acquired before it's first year end
  • A possible new record - the company acquired by AOL just four days after its product launched
  • Ideal exit timing for your company and ...

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