Ray WaliaCo-Founder and CEO of Launch Academy and Launch.vc

Why exit strategy matters — Angel Pui, 3x VC-Funded tech founder & Launch Academy mentor

Name: Why exit strategy matters — Angel Pui, 3x VC-Funded tech founder & Launch Academy mentor
Uploaded: 2022-09-13T21:15:38+00:00
Duration: 43 s
Channel: Ray Walia
Description: A short YouTube interview excerpt in which Angel Pui, a 3x VC-funded tech founder and mentor, recounts exiting a company within three years and…

13 Sept 2022 · 1 min

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A short YouTube interview excerpt in which Angel Pui, a 3x VC-funded tech founder and mentor, recounts exiting a company within three years and emphasizes why founders should plan an exit strategy. She contrasts an earlier mission-focused mindset (‘we don't need to sell this’) with a later pragmatic approach of securing partnerships and clients who ultimately became acquirers.

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You know, we exited the company within three years, actually, also. And I learned my lesson there too, because the first one, I was just this mission focused founder, like, we don't need to sell this thing. It'll just be a hundred million dollar unicorn. And then wherever it goes, right? I remember investor would always go, what's your exit strategy? I was like, we don't need one. You know, I will forever be doing this this time. I was like, no, no, we need an exit strategy. We need the, you know, we need all the right partner already as clients. And then through being our client for multiple years, they are going to acquire us. And it ended up that way. Amazing.