article thumbnail

Planning for the Future: Your Exit Strategy

Up and Running

An exit strategy is a method by which entrepreneurs and investors, especially those that have invested large sums of money in startup companies, transfer ownership of their business to a third party, or by which they recoup money invested in the business. See Also What Startups Need to Know About Exit Strategies.

article thumbnail

ProfessorVC: The Most Important Venture Capital Statistic

Professor VC

Evaluate Business and Financing Needs - We initially went out seeking $10 million in financing, but listened to the prospective investors and watched the market. Mid-way through the process, we took another cut at our business plan and built a model where $5 million would be sufficient to get us beyond breakeven.