Ryan Joyce 馃嚭馃嚫
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I used to track terrorists, but now I track trucks.
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My vote can most certainly be bought with a Reese鈥檚 Peanut Butter Chocolate Cake Cheesecake
The Cheesecake Factory is a great American institution.View quoted post on X
Tune in at 12:30 PM EST for a surprise. 馃幎
饾棞 饾椏饾棽饾棶饾棻 饾榿饾椀饾棽 饾棶饾棸饾棶饾棻饾棽饾椇饾椂饾棸 饾椊饾棶饾椊饾棽饾椏, 饾棶饾椈饾棻 饾榿饾椀饾棽饾椏饾棽 饾椂饾榾 饾棶 饾棷饾椂饾榿 饾椇饾椉饾椏饾棽 饾椈饾槀饾棶饾椈饾棸饾棽 饾椀饾棽饾椏饾棽...
- the academics counted 'shutdown' as an exit. Of the companies they examined, 59% went out of business. So not quite an 'exit' in the way most VCs/founders think of the term.
- they noted that 38% of founders departed prior to the exit and held zero shares at exit. the authors counted this as a $0 outcome, but did not account for potential secondaries sold prior to their departure
- among founders who exited via an IPO or M&A, 76% of them received liquidity. The mean payout was $45M and the median was $5.5M
In short, the majority of VC-backed startups don't have a great exit (both VCs and founders already know that), but if you are still the founder at an IPO or acquisition, you have a 75% chance of making more than $5.5M.
IMHO, still very much worth the risk!
- the academics counted 'shutdown' as an exit. Of the companies they examined, 59% went out of business. So not quite an 'exit' in the way most VCs/founders think of the term.
- they noted that 38% of founders departed prior to the exit and held zero shares at exit. the authors counted this as a $0 outcome, but did not account for potential secondaries sold prior to their departure
- among founders who exited via an IPO or M&A, 76% of them received liquidity. The mean payout was $45M and the median was $5.5M
In short, the majority of VC-backed startups don't have a great exit (both VCs and founders already know that), but if you are still the founder at an IPO or acquisition, you have a 75% chance of making more than $5.5M.
IMHO, still very much worth the risk!
88% of VC-backed founders who exited their companies got $0. Eduardo Azevedo and Kent Smetters analysed 157,669 startups and 248,454 founders from 1987 to 2025.View quoted post on X
Let that sink in...
Diesel over $7/gallon soon
BREAKING: Yemen's Houthis announce they just struck Saudi Arabia's East-West crude oil pipeline and multiple of its pumping stations, as well as 6 other Saudi targets, including Saudi Aramco oil facilities.View quoted post on X
