EXIT IS OFTEN REFERRED TO AS THE EXIT STRATEGY FOR A START-UP, AND THERE ARE TWO MAIN OPTIONS: IPO AND M&A. FOR STARTUPS, BOTH OPTIONS MAY BE JUST THE BEGINNING OF A LONG ROAD AHEAD. ON THE OTHER HAND, FOR INVESTORS (VCS, CVCS, ANGELS), IT IS CALLED AN EXIT BECAUSE THEY CAN SELL THE SHARES THEY HAVE INVESTED IN AT A PRICE AND EARN A PROFIT ON THE SALE. THEREFORE, STARTUPS THAT HAVE RAISED MONEY FROM INVESTORS WILL INEVITABLY AIM TO ACHIEVE THIS EXIT.
