Category: Exit Timing

Angel Investing

This video is a talk I gave at the Element8 angels workshop in Seattle: Investing a World With Few Exits. Some of the key points from my talk: I believe only 25% of all companies that could have been sold actually end up successfully exiting If a company misses the ideal time to exit, then the most likely result is that it will fail completely...

Early Exits

This is an excerpt from a talk I gave at the Element8 angels workshop in Seattle: Investing a World With Few Exits. Some of the key points from my talk: I believe only 25% of all companies that could have been sold actually end up successfully exiting If a company misses the ideal time to exit, then the most likely result is that it will fail ...

Exit Timing

This video from the Exit Strategies workshop describes the exit process and timeline. Highlights of The Exit Process and Timeline: For many exits, the biggest question isn't "How Much Can We Get?" Instead "It's How Soon Can We Exit?" The short answer is 6 to 18 months From the time you engage an M&A Advisor, until the cash is in the bank But it can take longer if the company isn't r...

Exit Strategy

This was a presentation to a hundred Dutch investors and CEO's at the Nyenrode Business Universiteit just outside of Amsterdam. In this video I describe the critical importance of exit timing and the dramatic effect it can have on investor returns and the lives of entrepreneurs. This talk included: How the internet has accelerated everything and shortened company lifecycles Entrepreneurs now have “Weekenders” whe...

Exits in 2012 - Part 3

Angel Investing

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 ...

Exits in 2012 - Part 4

Exit Timing

This video explains why I believe that not missing the "Wave of Consolidation" may the successful CEO's most important job. How Exits Have Changed in 2012 - Presented at the National Angel Capital Association Summit - March 8, 2012 in Austin, Texas - Highlights of Part 4: The most devastating reason that companies fail to ...

Entrepreneurship

Most entrepreneurs wait too long to start thinking about their exit. They usually sell their companies for much less than they could have. The valuation curve, and return to shareholders, usually ends up looking something like this.

Angel Investing

Most entrepreneurs don’t even know that a VC is likely to block an  exit when they accept the VC’s money. I didn’t when I started out —and neither did my friend who I describe in "Why VCs Block Good Exits". In my first company it wasn’t until the final extraordinary general meeting, when the shareholders were voting to approve the exit transaction, that I actually reali...

Angel Investing

My previous post showed how  the math behind venture capital funds determined venture capital exit times.  The post included a simple model to show what the median exit times really meant to entrepreneurs and angel investors. ...

Angel Investing

The main thesis of my book Early Exits is that entrepreneurs and angel investors would make more money, and have more fun, if they built companies around a strategy of early exits. In "Early Exits" show that most M&A transactions are under $30 million. More recentl...