Early Exits Overview – Part 2
Presented at the ACA New England Angel Education Series – Boston, MA December 6, 2010.
The PowerPoint for this talk is available here.
To host an Early Exits Workshop for your group, please contact Chris Major at the Angel Capital Education Foundation.
Highlights of Early Exits Overview – Part 2:
- Startup economics have changed. It’s now possible to build valuable companies for only $100,000s, or even $10,000s.
- The internet has accelerated everything – many big exits have occurred just two or three years from startup. Here’s a list.
- How early can you sell a business? Selling in 2 or 3 years is often the optimum time to sell a company.
- The exit is just another business process – just like a product development or financing.
- Every company needs a clear, written, signed exit strategy. It doesn’t have to be complicated.
- Often the biggest question is not “How much can sell for?” it’s “How long will it take to sell?”
- Companies should be ‘sold’ not ‘bought.’
The summary page for the Early Exits Overview videos is online here.
Part 2 of the Early Exits Overview video series is available on Youtube.
This was a great video about planning any business from reverse engineering point up, in order to include exit strategy planning into the start up strategy, my heads up for that ! I can just recommend any entrepreneur to follow these strategies. After all, taxes, foreign competition and some other factors make it harder and harder to get rich from building and maintaining a business, but selling with profit does ! It is important to convey that to any funding partner from the beginning, that intentions towards a buy out will shorten the time to investors return on investment too. B.J. Orlando
B.J. Thanks for your enthusiastic agreement! Basil
Thank you for your wonderful presentation, Basil.
I learned a lot from your lecture, I think you are right, how fast to sell is more important than how much to sell. as an enterpriser, I always can have a new idea, but I don’t think I am better at growing up a business than a big company.
I think I will go to angels instead of VC.
Brendhan
Brendhan, thanks for the positive feedback. Glad my information was valuable.
[…] Part 2 is online here. […]