this post was submitted on 02 Mar 2024
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Comradeship // Freechat

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Oh boy, I feel free (lemm.ee)
submitted 8 months ago by [email protected] to c/[email protected]
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Just finished a decade long expedition of starting my business, growing it with love & tears to an exit to a venture funded giant in the space, being on their leash for a few years, & getting laid off just this week. AMA why capitalism will self consume. And since I have some time now I can try to articulate what I think will replace it.

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[–] [email protected] 0 points 8 months ago (1 children)

What does "exit" mean in this context?

[–] [email protected] 0 points 8 months ago (1 children)

Acquired / sold business

[–] [email protected] 0 points 8 months ago (1 children)

Was that overall good/bad for you?

[–] [email protected] 0 points 8 months ago (1 children)

I was at the lowest points in my life when I sold my business. I wanted an out, I got one, I consider myself lucky compared to the rest who didn't get an out. Sharks gonna shark & they've wronged me by laying me off. I'm not even mad, glad actually to be outta there & free to pursue what I think matters.

[–] [email protected] 0 points 8 months ago (1 children)

Was the exit package worth it? I have had one friend who sold their business to a massive firm for 300 million, and another who essentially got a commemorative pen and a 5 dollar bill. It seems to be an extremely fickle and a complete tossup.

[–] [email protected] 0 points 8 months ago

I will just say it was somewhere between those two extremes, lol