Six ways a company ends, and who each one is for.

Exit strategy usually gets written as a slide in a fundraising deck, which is the least useful moment to think about it. This is the version for a founder who actually has a company: every ending available, what each requires, and what it does to you, your team and your investors.

The six endings.

Click one to read it properly. Ordered roughly by how often they happen, which is close to the reverse of how often they're discussed.

Acquisition by a strategic buyerCommonSale to permanent capitalGrowingPrivate equity buyoutCommonWind downVery commonManagement buyoutRareInitial public offeringVanishingly rare

Sale to permanent capital

A holding company buys you to own and operate indefinitely. Cash at close, no fund clock, no resale planned. This is what we do, so treat the enthusiasm accordingly: the structural claim is that an owner with no exit deadline behaves differently, and you can verify that from their documents rather than their website.

Requires

$2M to $10M in ARR and a business someone can run

Timeline

60 days to 4 months

Your team gets

Continuity. The company keeps operating as itself

The honest catch

You won't get a strategic buyer's price. What you get instead is certainty, speed and a company that still exists in the same shape in five years.

What actually happens.

The distribution is worth staring at, because almost all founder attention goes to the two rarest outcomes and almost none to the two most common.

Wind down or quiet close
~50%
Acquisition, modest price
~30%
Acquisition, strong price
~12%
Still private, still running
~6%
Very large acquisition
~1%
IPO
<1%

Directional, drawn from venture outcome studies and our own deal flow. Treat the shape as the point rather than the decimals.

Exit strategy questions.

What is an exit strategy?

The plan for how ownership of your company eventually changes hands: acquisition, buyout, management buyout, wind-down or a public listing. Worth a real answer once you have revenue and staff, rather than the deck slide version written for investors.