Tuesday, September 16, 2014
Insights and Opinions: The Curse of a Modest Exit
Story by Steve Reich
For today's Insights and Opinions article, we have an article from angel investor Steve Reich, who talks about the pros and cons of a modest exit in an investment.
You hear about extreme outcomes all the time—the huge exit or a company shutting down. Recently, I got to observe a much more rare event: a company exiting at a modest valuation. The impact on both the team and investors was illuminating.
The company in question built mobile apps for a particular sport, and had 3 million downloads with nearly 2 million active users. I had been an advisor to the team on a periodic basis. We (More...)
Read the rest of Steve's article, The Curse of a Modest Exit.