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Has anyone just completed an exit?

igeejo.com

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Re: Has anyone just completed an exit?

#4
Did anybody understand what the post is about? Are they funding new startups from the money they got from exit or they are they want to talk to startups to know if the exit was in the right range? No offense, but I couldn't understand the motivation of the post.

Re: Has anyone just completed an exit?

#6
post #3

What was the actual startup that they exited?

porchlight.ca - an ISP.

I don't think a 13-year business with under $3M in revenue is a startup, sounds more like a lifestyle business. It's also not something VCs would be interested in. This falls under super-laid back, and not something most people on HN would likely be attracted either. The serial entrepreneurs I admire have done 2-4 businesses in 10 years, all with exits well over $50M.

Re: Has anyone just completed an exit?

#7

Did anybody understand what the post is about? Are they funding new startups from the money they got from exit or they are they want to talk to startups to know if the exit was in the right range? No offense, but I couldn't understand the motivation of the post.

We recently sold our company. Our goal now is to try and meet up with a group of two or three founders, people in a situation similar to ours, who have have worked together and founded a successful startup in the past. It's our hope to work together on a new startup.

Re: Has anyone just completed an exit?

#8
Note: insisting that your co-founders have "completed an exit" is not going to make you any friends here, because you're suggesting that you're better than others less experienced or less fortunate who have not.

Success is obviously preferable to failure, and we all believe that we're talented to a degree that gives us a high enough likelihood of success for startups to be worth pursuing. However, this sort of extreme personalization of results is not attractive.

Re: Has anyone just completed an exit?

#9

Note: insisting that your co-founders have "completed an exit" is not going to make you any friends here, because you're suggesting that you're better than others less experienced or less fortunate who have not. Success is obviously preferable to failure, and we all believe that we're talented to a degree that gives us a high enough likelihood of success for startups to be worth pursuing. However, this sort of extrem…

As someone whose closest proximity to a successful exit was a bunch of stock options in failed dot.com Linuxcare, I don't take umbrage at the requirement. They want to use that as a filter, let them. They'll miss out on some good people, but that's their choice, and as good as any in terms of screening people.

Re: Has anyone just completed an exit?

#10

Note: insisting that your co-founders have "completed an exit" is not going to make you any friends here, because you're suggesting that you're better than others less experienced or less fortunate who have not. Success is obviously preferable to failure, and we all believe that we're talented to a degree that gives us a high enough likelihood of success for startups to be worth pursuing. However, this sort of extrem…

If you pose a general question to a startup crowd "Are you interested in joining a startup" you get everyone and their grandmother responding. The "completed an exit" requirement acts as a filter. We're hoping it will improve the signal to noise ratio.
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