What are common exit strategies for startups, and when to implement them?

[Daniel]

Exit strategies provide founders with options to realize value from their startups and transition to new opportunities or stages in their entrepreneurial journey. Common exit strategies include acquisition, initial public offering (IPO), or merger with another company. Founders may consider implementing exit strategies when they've achieved significant growth and market traction, received interest from potential buyers or investors, or reached a point where they're ready to pursue other ventures or retire. Timing is crucial in determining the most appropriate exit strategy, as market conditions, industry trends, and the startup's growth trajectory can impact valuation and exit opportunities. Engaging with advisors, investment bankers, or legal experts to assess exit options, negotiate terms, and navigate the process ensures founders maximize value and achieve their desired outcomes. Ultimately, the decision to pursue an exit strategy should align with the founders' goals, vision, and the best interests of the company and its stakeholders.