The word "exit" has totally changed its meaning over the last 6 months.
how so?
It used to mean 'acquired company, including userbase, products, revenue streams etc'.
Now it means 'hired team and shutdown previous company'.
I think it's always just meant 'liquidity'.
Yes, used to be called "liquidity event".
I respectfully disagree. Exits have always had the potential to go that way..
If someone is smart enough to figure a EULA that guarantees end-users that the site can't shutdown in such "exits", I'm interested.
The phrase "Exit, pursued by a bear" seems strangely appropriate
Congrats to them. Corporate debt is currently dirt cheap, I expect we'll see a lot more exits rolling through in the coming year, if for no other reason. (The teams are good too, obviously).
anyone know or have good estimate of Movity's exit price?