Exit Path, Touraj Parang
Exit Path, Touraj Parang
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Exit Path
How to Win the Startup End Game

Author: Touraj Parang

Narrator: Brian Holden

Unabridged: 8 hr 25 min

Format: Digital Audiobook Download

Published: 11/15/2022


Synopsis

In 2008, Touraj Parang's award-winning startup, Jaxtr, had 10 million users, raised nearly $20 million from top-tier Silicon Valley investors, and seemed poised to sail straight through the Great Recession. But, by January of 2009, Jaxtr's only hope for survival was to find a buyer—sadly, it was too late for that.

In Exit Path, Touraj draws on the lessons learned from that chaotic experience and the extraordinary successes that followed once he made creating and executing an exit strategy a top priority. In this comprehensive guide, you'll learn that implementing an exit strategy early will empower you to take charge of your startup's ultimate fate, maximizing its potential for success while mitigating the risks of failure.

Exit Path walks you through actionable steps to devise and execute an effective exit strategy, starting with a fresh new perspective on the critical importance of creating a viable sale option for your startup. You'll learn why creating your exit strategy is necessary well before you're contemplating an exit, regardless of the stage of your startup. You'll also discover how to create your own exit plan, how to make your plan a reality through personal and business relationships, and how to approach and negotiate with acquirers for an outcome best aligned with your values and ambitions should the need arise.


About Touraj Parang

Touraj Parang is a veteran Silicon Valley insider. He is a seasoned entrepreneur, investor, adviser, and M&A expert who has sat in almost every seat around the table in Silicon Valley since late 1990s, including as a corporate attorney at legal powerhouses Wilson Sonsini Goodrich & Rosati and O'Melveny & Myers.

Touraj has been a founder, executive, and trusted adviser to several fast-growing technology startups with exits to LinkedIn, Instacart, Vistaprint, Postmates, and Amplify, among others. He has also spent nearly a decade on the acquirer side of M&A deals as a corporate development executive at Webs and GoDaddy. Exit Path draws on Touraj's decades-long unique experience involving hundreds of M&A transactions, strategic partnerships, and venture capital investments totaling billions of dollars in aggregate value. He is currently the chief operating officer at Serve Robotics, which he helped spin out of Uber, and an operating advisor at Pear VC, a leading early-stage venture capital firm, where he enjoys collaborating with and providing strategic guidance to mission-driven entrepreneurs.

Touraj earned his JD from the Yale Law School, where he served on the editorial boards of Yale Law Journal and Yale Journal of International Law and his AB in philosophy and economics from Stanford University, where he was the founding editor-in-chief of the Dualist Journal of Philosophy and won the Ethics in Society Honors Program award.


Reviews

Goodreads review by Steve on August 15, 2022

As Stevo’s Novel Ideas, I am a long-time book reviewer, member of the media, an Influencer, and a content provider. I received this book as a free review copy from either the publisher, a publicist, or the author, and have not been otherwide compensated for reviewing or recommending it. As an Amazon......more

Goodreads review by Steven on September 03, 2022

This book is a must-read for those in the start-up world. For those vast majority of start-ups that don’t go all the way to an IPO, this book shines a light on how to craft an exit path. As outside legal counsel to start-ups, this book is true to my own experiences counseling clients who are able to......more

Goodreads review by AhmadReza on December 30, 2022

An essential book for startup founders. It gives you an overview of different exit strategies and helps you plan for them in advance.......more

Goodreads review by Touraj on October 06, 2024

Book's Endorsements: "This is the most useful book I've ever read on how to think about startup exits. Touraj Parang makes a compelling case for entrepreneurs and investors to talk early and openly about options for acquisition. —Adam Grant, #1 New York Times bestselling author of Think Again: The Pow......more