The Series A crunch continues to roll its way through Silicon Valley and beyond. Young companies are floundering everyday, sending their former employees into the open job market. New startup Exitround steps into this bloodbath to ease this suffering and make a tidy profit along the way. The idea is to provide startups a quiet way to shop around their company (read “team”) to potential acquirers. This gives the entrepreneurs an “exit” on their resume and provides large companies with increasingly rare talent.
It would seems that Exitround is a product of its time. There is an argument as to whether or not the service could exist if not for the glut of startups and their current funding crises. Like any startup, Exitround saw a market trend that included a gap between parties and they are positioning themselves to exploit it. Regardless, they have already signed on some big name acquirers including Google, Accenture, Groupon, and others.
This new safety net for floundering companies is another sign of what I am hereby copywriting as The Entrepocolypse. It is also further proof that now is a good time for large companies to scoop up young talent to round out their existing teams. Bring on the acquisitions.