4 ms·
Do you think they strictly mean it that way? Sure, they ould literally mean "How and when do you intend to flip this thing and pay me off?", but you don't neces
by incision 13y ago
Do you think they strictly mean it that way? Sure, they ould literally mean "How and when do you intend to flip this thing and pay me off?", but you don't necessarily have to answer in those terms.
Personally, I'd take it as a general question about planning, expectations and commitment. Is there are a point where you certainly want to cash-out? Do you intend to make this your life's work? Have you thought about how this business would function at double, 10x or 100x the current size?
- caw 13y agoThe other "exit strategy" is when to cut your losses and quit. At that point, what do you do? What criteria would you use to figure that out?