28A - Your Exit Strategy

1) Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?

I would love to work hard on my business for a few years and eventually sell it. There are a few reasons for this: I am young and I don't think I would be intellectually stimulated by it for the rest of my life. While I love cars, this is ultimately a product line of automatic sunshades. I would love to sell for a profit and look for other companies to start or invest in. Elon Musk could have stayed with PayPal but he wanted to look for opportunities because it was more exciting to do so, and he would have lots of money!

2) Why have you selected this particular exit strategy?

I chose this exit strategy because it best aligns with my goals of becoming financially independent early on in life and being able to use my capital to invest in good business ideas or ventures going forward. I think this is the most exciting and the best use of my social capital. 

3) How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?

This is a tough question to figure out but I would say these things are somewhat related: I plan to grow fast, I plan to borrow money from venture capital, I plan to license the product overseas (give up possible runway), and possibly sell to a large auto supply company down the road. This will allow me to gain experience creating a company while setting my up for a large exit down the road.