Club recapMembers onlyGovernance, Ops and MetricsKill and Exit

Exit Strategies – Venture Club Session Recap

A two-dimensional framework for choosing between wind-down, harvest and divest, and how to stop value leaking on the way out.

Roundtable
10 November 2025
The question on the table

When a venture loses strategic fit, how do you choose between winding it down, harvesting what it built, or divesting it, rather than defaulting to a shutdown?

Recaps are anonymised by design: no names, no companies.

The session

Members worked through the hardest venture decision: when and how to exit. The session covered mapping ventures on strategic fit versus value-creation potential, the sub-strategies inside each exit path, keeping boards and sponsors aligned, and the hidden costs of waiting too long to decide.

Key insights

Five key insights

  1. 01
    Apply the two-dimensional exit framework

    Map ventures on strategic fit versus value-creation potential to decide between wind-down, harvest and divest.

  2. 02
    Build a sub-strategy playbook

    Within each path, choose from silent closures, transparent sunsets, IP licensing, carve-outs or management buy-outs to optimise the outcome.

Members only

The rest of this recap is for members.

This is the room in short. Members get the complete write-up of every session, and a seat at the next one.

  • Three more key insights
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