If my site were to see continuous growth and I felt like I could handle it all, then I would probably keep it in the family and continue to watch it grow as it is passed down. More likely however, is that some bigger company would come along and buy it from me. Then they could incorporate it in with the rest of their services and find ways to improve it themselves. I'm just the guy with the idea right now and not much of the know-how so I'd probably have to sell it to someone who could handle all of that.
My exit strategy hasn't really influenced my concept because my goal has always been for it to be the best it can be, regardless of whether I plan to sell it or keep it. I can't sell it if it isn't worth anything, and I can't keep it either, so I still want it to be the best on the market.
Hey Jack,
ReplyDeleteI think it's a great idea to keep your venture and pass it down to your kids and keep it in the family. That is, as long as it's still doing well. That being said though I believe that the most rational choice is selling the venture off to a bigger company while it is at its peak, so that's some good thinking there.