Entrepreneurial Exit – Professor DeTienne’s introduction to the process

The topic of entrepreneurial exit is on only during recent years.

 

It was raised mainly by professor Dawn DeTienne who define exit as “the process by which the founders of privately held firms leave the firm they helped to create; thereby removing themselves, in varying degree, from the primary ownership and decision-making structure of the firm” 

She also adds that entrepreneurial exit has a critical importance to the entrepreneur himself , to the firm , to the industry and to the whole economy .

Therefore she analyzes the actual process of exit by splitting the life of a startup in three periods : Infancy , Adolescence and Maturity ( describing in each phase the possible options , reasons and strategies for exit )

Entrepreneurial Exit as a Critical Component of the Entrepreneurial Process