THE EXIT DIARIES

There is an old saying, “Luck, Timing, Skill, don’t ever confuse the order!” What this saying implies is that most people who have had success achieved it because of luck and timing, not skill.  There is some truth to that.

Almost every week, I find myself speaking to a CEO who is entering the exit process, and he or she says, “I want to hire an investment bank that specializes in my industry.”  My response to them is always the same, “Do you really think that’s a good idea?