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  Culture  
     
  Should you have an exit strategy before approaching VCs?
 
 

Yes. VCs would like to be sure your exit strategy will allow them to get their money back. If your strategy is to go public within 2-3 years, this is fine. In that case, they want to be sure it isn't only a dream. If your strategy is to sell ASAP, VCs may think you do not believe in your business. They want you to have a long-term strategy but be open to opportunities.

 
     
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