Tip 86: Exit strategy – IPO
Following from the last tip, if you answer with those two options (IPO or an acquisition), you are clueless.
Early stage companies in the Carolinas do not have a high probability of reaching an IPO. On average around six companies IPO in North Carolina each year; none IPO in South Carolina; 20,000 companies are started in those states; I’m willing to bet none went from angel investment to IPO in five years.
The only realistic exit strategy is to be acquired. If you say you will IPO, your credibility is gone.