John Vinturella and Suzanne Erickson
Whether starting or running a new business, entrepreneurs are usually far more focused on raising the capital needed to launch and expand their venture than they are on how they might exit the venture some years in the future. Indeed, many entrepreneurs have no thoughts of exiting the venture at all.
Whenever outside investors are involved, however, the exit strategy for the venture should be of primary interest to all concerned. Certainly, investors are interested in the growth of the business, but ultimately their commitment of capital is dependent on their confidence that they will recover their initial investment plus a healthy profit. The entrepreneur needs ...