2 000
Program przekwalifikowania realizowany przez Aurora Energy Services finansowany pożyczką z Scottish National Investment Bank — przykład sprawiedliwej transformacji
BCGEurope
The moment when an investor converts shares into cash: selling the company, going public, buyback, or selling shares on the secondary market.
Why it matters
This is the only moment when a fund actually makes money — everything else is paper value.
What's missing without it
Without an exit prospect, there is no investment: a fund has a defined lifespan and must return money to its investors.
When it is used
3–7 years after entry, upon achieving sufficient scale.
How we use it
Industry sale for 100 million USD or going public.
Fun fact
The average time to exit in venture funds is 5–7 years. Funds typically have a 10-year lifespan, so a company acquired in the eighth year is often sold in a rush.
Numbers worth knowing