“The protectors of our industries”. Cartoon showing Cyrus Field, Jay Gould, Cornelius Vanderbilt, and Russell Sage, seated on bags of “millions”, on a large raft, and being carried by workers of various professions. Date 7 February 1883

Exit Strategies are the new Gilded Age, Build Value Instead

Real growth is often slow, boring, and non-obvious.

An exit strategy is a poor benchmark to create meaningful value, for both yourself and anybody involved with you.

Exit strategies also involve venture capital or outside cash that want to either

1. inflate valuation. (so they make…