Exit Path: How to Win the Startup End Game

CHAPTER 6

STEP 2: DOCUMENT

If it is not written down, it does not exist.

—Philippe Kruchten¹

Often, important insights and action items from productive meetings don’t get implemented, not because there was a lack of alignment or enthusiasm, but because no one bothered to write them down. Most meetings, in my personal experience, are quite productive, but whether or not they are effective is a function of how organized we were in capturing the notes of the meeting.

By the end of your exit strategy offsite, you and your team will have arrived at a general shared understanding of what an exit could (and should) look like. Now you need to memorialize that understanding as the first draft of your exit plan. By this time, you are likely drowning in ...