Thursday, October 27, 2016
Insights: How to exit from your own startup
Story by Dinesh Ravishanker
Dinesh Ravishanker was the founder of Callfire, and tells us some of the lessons he learned after he left the startup he founded, and how it impacted him, personally. Here are some top lessons he shared, drawn from his personal account of his exit from the company.
An exit can happen at anytime
Whether you got voted off by your board or it's just time for a new career challenge, leaving a top position at a company you founded can deeply impact your sense of self. Take time to discuss these feelings with friends, a therapist or cofounders. Think deeply about what it was about starting a business that made it special or interesting to you. A new career search can be very exciting once you deal with moving on in way that works for you.
Keep communicating with your ex partners
Business partners may feel like exes at times. So when you're still in love with your old startup or just want to help grow your shareholder value, you've got to suck it up and stay friendly. Don't drop off the radar as you create your next cause. Stay in touch with a weekly text or call to the partners that matter to you most. Offer to help them out whenever possible while staying true to your noncompete.
Create founders agreements prior to outside investment
Founders agreements can take the form of articles within (More...)
Read the rest of Dinesh's advice at How to exit from your own startup.