Startup Turkey 2016 - Kaushal Chokshi
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Transcript of Startup Turkey 2016 - Kaushal Chokshi
Preparing for ExitIt should be planed from day one
However the company should be built for real business
Create bench mark for each fund raise
Look at the possible valuation at each benchmark
Preparing for ExitCalculate your dilution at each benchmark
For each fund raise think about resources & expertise you will need for next benchmark
If scaling is not your expertise then exit early
Consider all stakeholder’s interest in your plan
InvestorsSelect your investors as per the exit plan which includes benchmarks
Select global investors as they can bring their connection including potential acquirers
Consider global strategic acquirer for maximum arbitrage
Involve your smart investor to take you through all the necessary benchmarks
RevenueCash is king
Focus on revenue to preserve your equity
Look for emerging markets or hotspots
Look for low cost of entry with high upside
Growth through partnerships and licensing
People
Clear understanding of exit plan with all co- founders
Build a team which believes in your vision
Hire people globally to bring in smart human capital
Always keep your team’s interest when you exit
ResourcesThere is nothing like free lunch
Don’t plan with Government handouts and tax breaks, focus on revenue
Tap into global resources. You may be surprised how cost effective it can be.
Pay to get best professional services, advisors, mentors and expertise.
Building Value to ExitPlan Exit
Smart Global Capital
Smart Global Human Capital
Whole world is your backyard as your market
Be part of stakeholder’s economy