Mike Brown sold his first company, Polaris, and says it was one of his best decisions. A mentor told him you'll never regret your first exit. Brown argues the real factor in deciding to sell isn't burnout but whether market conditions favor your business.
Selling Polaris was one of the best decisions I ever made. I had a mentor that told me that you will never regret your first exit, and I think that's absolutely true. It just allowed me to take those chips off the table and change my life in a meaningful way. Like, the safety that you gain and the perspective that you gain from selling your first company, it was just invaluable for me. I see a lot of entrepreneurs sell because they're burnt out or sell because they have too many businesses and want to focus on one opportunity. But really, I think focusing on the economic economic conditions for that particular business is one of the most important things you can do in making that decision whether to exit or not.
