Why Tech Entrepreneurs in Developing Countries Struggle to Raise Funds
Harvard Business Review
FEBRUARY 29, 2012
student in the engineering school at Johns Hopkins University, I had a business idea. But there was one problem: my business plan had no exit strategy. They all asked exit strategy questions and my answer, naively, was that we would grow revenue and share profits! I learned a valuable lesson: Entrepreneurs need to have plans in place for investors to exit, especially in developing countries. A few years ago, while I was a first-year Ph.D.