Venture investors’ and entrepreneurs’ exit strategies from innovative companies
Exit strategy is a cornerstone of the venture investments. Despite its importance, only 34% of IT entrepreneurs have a solid exit plan, that they can provide to venture capitalist for his consideration. The purpose of this article is to study the current state of scientific literature in the field of exit strategy and offer the vectors for further researches. In the article we offer our own definition of the ‘exit strategy’, describe primary exit mechanisms of VCs and business owners, analyze key foreign and domestic scientific literature. As a result, we found out that currently there are no methods that would help to simplify the selection of the exit mechanism. Thus, future researches could be tied with the development of such methods
Keywords: IPO, M&A, LBO, venture investments, exit strategy
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