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To be clear, I've been through this process as a cofounder, so I'm not disagreeing from inexperience. > An "exit" is the part where you and your investors get rich. This is normally a consequence of an exit, but - as is really my main point here - it's not the meaning of the word. An exit is just you as a founder freeing yourself of the company, in terms of leaving your management role and/or converting your equity to cash (in some kind of buyout or IPO). "Having an exit strategy" may be conflated with "intending to get rich by selling all your equity, and therefore being short-termist in your management", but that's not remotely part of the meaning of the words. And, again, every founder has an exit strategy of some sort. (Either that, or they are floating blindly through their life in some kind of protracted acid trip.) > Another way would be to not take VC funding, focus on providing a good service for as long as you feel like, and eventually pass the business on, sell it, or shut down. To wit, the "eventually pass the business on, sell it, or shut down" part is an exit strategy. |