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Right, it's the focus on "exit" also for founders (who also run the business) that puzzles me. As for the "exit=financing" association, I made that based on yo
by dundarious 5y ago
Right, it's the focus on "exit" also for founders (who also run the business) that puzzles me.
As for the "exit=financing" association, I made that based on your comment:
> > It's a jargon term not used in the entrepreneurial side of most other industries.
> That's because in most of the industries you are thinking of, you can get traditional financing.
> The need for an exit of some sort follows from the financial structure.
But I think I misunderstood and you were saying something more like that the lack of traditional financing leads to a form of financing that necessitates selling the business wholesale.
- ska 5y ago> But I think I misunderstood Yes I should have been clearer. Re founders there is a tension: They often want to both maintain control (i.e. equity) and realize some $$ from building the company. A liquidity event of some sort is often seen as the best way to do this, especially if they've been lean on salary for a decade at that point, which is often the case.