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Very good article. It is not possible to build a product if cashing out is the first thing in the CEO's mind.

We always hear and talk about only two exits IPO (getting rare now) and Acquisition (the $B glamour). However there is also a third valid way of investor exit which is 'Management Buyout' (never heard in tech circles)

http://www.inc.com/guides/2010/10/how-to-choose-an-exit-stra...

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Yep. I seriously thought about talking about that, but it's rare enough that it didn't seem worth it, and it's not a realistic option for us unless our valuation drops considerably. Even then, I would have had to sell many of my shares at the top of the valuation, and then buy them back at the bottom.

So yeah, if you can afford it, this is great, but basically all of my net worth is already in Puppet stock, so not so useful for me. :)

I can relate to it. I listed it more from an information point of view. Though it would be interesting to know of companies which have actually done this

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