3 Factors That Show Social Enterprise Might Start Seeing Bigger Exits
Monday, March 31, 2014
Stewart Craine, cofounder of Barefoot Power and now Village Infrastructure Angels, walks into investor presentations with a pair of well-worn, highly scuffed shoes with the soles falling off. They are his “investor shoes,” illustrating the ridiculous distance he has traveled in pursuit of investment for his businesses, which work with world’s poor.
Any founder in any industry can empathize with this, and they know the ultimate measure of success for many in entrepreneurship is to achieve an exit–to be purchased by a bigger company or complete an initial public offering (IPO) on the stock market for fabulous amounts of money.
In Silicon Valley, these exits can happen in a very short period of time and can create enormous wealth. Some of the recent successful exits, if you haven’t been reading the newspaper: