Sep 13, 2016
Of course, that was way back in 1911 when the company was incorporated as Computing- Tabulating- Recording Company (C-T-R). (International Business Machines was later. And the NYT, bless its grey heart, still puts in the periods.) Thomas J. Watson, Sr., often called the Foundering Father of IBM didn’t become General Manager of CTR until 1914.)
Of course, back in in the good ol’ days, entrepreneurs didn’t run up and down the world pitching Powerpoint to investors. Lots of bootstrapping. And, people built companies to last (and to actually build things.) - not simply to make money.
So…Ms. or Mr. Entrepreneur - do you really need an exit strategy? Well, yes. Investors do ask about it. That said, the exit shouldn’t be the major
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