Just finished a decade long expedition of starting my business, growing it with love & tears to an exit to a venture funded giant in the space, being on their leash for a few years, & getting laid off just this week. AMA why capitalism will self consume. And since I have some time now I can try to articulate what I think will replace it.
What does “exit” mean in this context?
Acquired / sold business
Was that overall good/bad for you?
I was at the lowest points in my life when I sold my business. I wanted an out, I got one, I consider myself lucky compared to the rest who didn’t get an out. Sharks gonna shark & they’ve wronged me by laying me off. I’m not even mad, glad actually to be outta there & free to pursue what I think matters.
Was the exit package worth it? I have had one friend who sold their business to a massive firm for 300 million, and another who essentially got a commemorative pen and a 5 dollar bill. It seems to be a extremely fickle and a complete tossup.
I will just say it was somewhere between those two extremes, lol