Must reading on the “exit strategy question”

exit

CREDIT: Getty Images

Patrick Henry has very wise counsel for entrepreneurs facing the frequent question from investors – most often from angels – “What’s your exit strategy?” I’ve posted about this before Why I don’t like hearing about exit strategies, but I think Mr. Henry has more to say about the topic in his Inc article that is must reading for founders: Why Investors Are Asking About Your Exit Strategy (And What You Should Say) Investors want to know about your commitment, flexibility, and thoughtfulness.

He lists the three major reasons investor ask this question:

Author: Mentorphile

Mentor, coach, and advisor to entrepreneurs, small businesses, and non-profit organizations. General manager with significant experience in both for-profit and non-profit organizations. Focus on media and information. On founding team of four venture-backed companies. Currently Chairman of Popsleuth, Inc., maker of the Endorfyn app for keeping fans updated on new stuff from their favorite artists.

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