Last updated on Feb 12, 2024

How do you celebrate and learn from your exit experience?

You've done it. You've successfully exited your startup and secured a lucrative deal with an acquirer, an IPO, or a secondary sale. Congratulations! You've achieved what many entrepreneurs dream of and worked hard for. But what happens next? How do you celebrate and learn from your exit experience? Here are some tips to help you navigate this exciting and challenging transition.

1 Celebrate your achievements

The first thing you should do after your exit is to celebrate your achievements. You deserve to enjoy the fruits of your labor and share your joy with your team, your investors, your customers, and your family and friends. Whether it's a party, a vacation, a gift, or a simple thank you note, make sure you acknowledge and appreciate everyone who contributed to your success. Celebrating your exit also helps you close one chapter of your journey and prepare for the next one.

Add your perspective

David D. McElroy

Managing Director @ First Fusion Capital, Private Banking Consulting for Project Funding With Structured Finance
Report contribution
Your exit is not just about you; it's about the team that helped you achieve your goals. Celebrate with them and show your appreciation for their hard work and dedication. You can organize a party, go on a trip, or give them bonuses. Take some time to reflect on your journey and the lessons you learned along the way. What worked, what didn't, and what could you have done differently? Write down your reflections and use them as a guide for your future endeavors.

Like

Unhelpful

2 Reflect on your learnings

The second thing you should do after your exit is to reflect on your learnings. You've gained valuable insights and skills from building and selling your startup, and you should document them for your future reference and growth. You can write a post-mortem, a case study, a blog post, or a book about your exit experience, or you can simply keep a journal or a spreadsheet of your key takeaways. Reflecting on your learnings also helps you identify your strengths and weaknesses, your mistakes and successes, and your goals and aspirations.

Add your perspective

David D. McElroy

Managing Director @ First Fusion Capital, Private Banking Consulting for Project Funding With Structured Finance
Report contribution
No one is perfect, and mistakes are inevitable. Instead of dwelling on them, learn from them. Identify the mistakes you made, and figure out how you can avoid them in the future. Your exit is not the end of your entrepreneurial journey. Use the knowledge and experience you gained to plan your next move. Whether it's starting a new venture, investing in other companies, or taking some time off, make sure you have a plan in place. You have been successful, and now it's time to give back to your community. Consider donating to charities, mentoring aspiring entrepreneurs, or investing in local businesses. By giving back, you can help others achieve the same success you did.

Like

Unhelpful
Budiyanto 林海晖

💼 CFO of Sido Muncul Tbk 🌿
Report contribution
When you get knocked down, don't jump right back up. Because if you do, you're standing up the exact same individual and you're gonna get knocked down again exactly the same way over and over again. When you get knocked down, stay down there for a minute. Understand why you got knocked down 🤔 because every time you stand up, you have to stand up a different individual and you're going to stand up stronger. 💪 Then when you get knocked down again, you're going to stand up more intelligent, more competitive, more resilient. 💡 A unique thing about every time you fall and stand up again, is you have to spend less time on the ground. 🚀 There's something different about you. DIFFERENT scares people but ATTRACTS THE RIGHT ONES. ✨

Like

Unhelpful
Vinicius Cassimiro Carvalho

Founder Kassy Consultoria and D5 Educação
Report contribution
Sinceramente nunca celebrei a saida ou término de uma relação profissional. Mas há muitos motivos para olhar e perceber o quanto você evoluiu na jornada. Independente de como tenham sido as experiências, pois em tudo há no que aprender.

Translated

Like

Unhelpful

3 Plan your next steps

The third thing you should do after your exit is to plan your next steps. You have a unique opportunity to decide what you want to do next with your time, money, and energy. You can start a new venture, join another company, invest in other startups, pursue a passion project, or take a break and explore new possibilities. Whatever you choose, make sure you have a clear vision, a realistic budget, and a supportive network. Planning your next steps also helps you avoid the pitfalls of boredom, burnout, or regret.

Add your perspective

Gustavo Gongora Giacometti

Facilitador y Master de América Latina en GM INTERNATIONAL CONSULTING INC. | Asesor en protección y planificación patrimonial.
Report contribution
GUSTAVO GONGORA GIACOMETTI LINKEDIN/ YOUTUBE [email protected] Since 1990 making things happen in Latin America. We want to share with everyone our experience of life . Our idea is that every Person is THE ONE MOST IMPORTANT . During this life the only thing we truly have is TIME. But HOW MUCH??????? We teach to planning long lives with International uUS life insurance policies

Like

Unhelpful

4 Stay connected with your network

The fourth thing you should do after your exit is to stay connected with your network. You've built valuable relationships with your co-founders, employees, advisors, mentors, investors, customers, and peers, and you should maintain them for your mutual benefit and support. You can keep in touch with them via email, phone, social media, or events, and offer your help, advice, feedback, or referrals. Staying connected with your network also helps you leverage your reputation, access new opportunities, and learn from others.

Add your perspective

5 Seek feedback and advice

The fifth thing you should do after your exit is to seek feedback and advice. You've received a lot of feedback and advice from various sources throughout your startup journey, and you should continue to do so after your exit. You can ask for feedback and advice from your acquirer, your investors, your mentors, your peers, or your customers, and use it to improve your performance, skills, and decisions. Seeking feedback and advice also helps you stay humble, curious, and open-minded.

Add your perspective

6 Keep learning and growing

The sixth thing you should do after your exit is to keep learning and growing. You've learned and grown a lot from your startup experience, but you shouldn't stop there. You should keep challenging yourself, expanding your knowledge, and developing your skills. You can read books, take courses, attend events, join communities, or find mentors that can help you learn and grow. Keeping learning and growing also helps you stay relevant, innovative, and adaptable.

Add your perspective