What’s your exit strategy? We’re fundraising , so I’ve been hearing this question a lot. I understand the need for both the question and my answer since I’m asking an investor for money, but it’s funny to me to think about an exit when I’m building and planning an entry. Either way, starting and exiting go hand in hand.
“Why startups rarely change the world” says that Google, by building a better search algorithm to organize the world’s information, did not bring foundational change to the world. The foundational change, according to the author, was brought about by the government that funded — without concern for revenue, profits, and a potential exit — the development of a network of interconnected networks that we lovingly today call the Internet.
I had the pleasure of attending Start Me Up HIT conference yesterday in Madison. Overall it was a really fantastic event with a turnout that far exceeded expectations. The organizers didn’t start planning it until about six weeks ago so it’s amazing how they pulled off such a successful event. It was organized to coincide with the Digital Healthcare Conference in Madison this week.