The following is an excerpt from “Exit Path: How to Win the Startup End Game” by Touraj Parang. Copyright 2022 by McGraw Hill. RATIONALE AND TIMING Plans are worthless, but planning is everything. —Dwight...
Touraj Parang is the president and chief operating officer at Serve Robotics, a startup shaping the future of sustainable, self-driving delivery, and an operating advisor at Pear VC, an early-stage venture capital firm. He is a seasoned entrepreneur, investor, advisor and M&A expert. Touraj went from no exit plan when he sold his first startup for pennies on the dollar to embracing exit planning as soon as he joined his next startup (Webs), which was acquired for more than $100 million. He also led M&A strategy at Go Daddy, which he joined before the IPO to help build out corporate and business development teams.