Exit Early – Exit Often, Keynote HD Video

This is the high def video of my keynote at the Capital Connects! Southeastern Regional Angel Capital Association Meeting in Greensboro, North Carolina – October 1, 2009

Highlights of the ‘Exit Early – Exit Often’ video:

  • Why I think this will be called a “golden era” for entrepreneurs and angel investors.
  • Successful investing requires two things: buying right and exiting well.
  • The median price for private company M&A transactions is under $20 million.
  • Today, the corporate buyers are competitors to the traditional Venture Capital funds.
  • Traditional Venture Capital could shrink to half, or even a quarter, of its current size.
  • 92% of M&A exits don’t work for these traditional VC funds – but they all work well for Angels and entrepreneurs.
  • So Angels and Entrepreneurs have a choice – an exit in 3 to 5 years without VCs or 10 to 14 years with VC investment.
  • Angels alone are “as likely as the VC backed firms to have successful liquidity events”.
  • Checklist to determine whether an individual company should be financed with Angels only or VCs.
  • It depends on how much money the company will need, how long before the exit and the likely exit value.
  • It’s possible to sell a company much earlier than most people believe – all you really need to do is prove the model.
  • Developing the optimum exit strategy is one of those things that requires experience. Angels, directors and coaches can help.

The video is online in 720p high def here.

Exit Early Exit Often Video