Colin Devroe comments about the common startup question, “what is your exit strategy?”:
He recommends telling it like it is when the question arises. I’d go one step further than he does (though he knows far better than I) and say the response, so early on in process, should be something a little more succinct. Something like: “We have none. We want to build a business first.”
I suggest building a business that makes money. When you’ve built a business that makes you money, and you get tired of owning a business that makes money, at that point it’s time to start looking for an exit. When you’re first starting out, the exit strategy is not what should be on your mind.
