One of the country’s most experienced technology leaders, Aconex founder Leigh Japser, has called for a major rethink among founders and investors towards exits as he heralded the momentum in the secondary share sale market.
Speaking at an Amazon Web Services and Startup Daily event in Melbourne last week, Jasper argued that rethinking traditional exit pathways could help alleviate the mounting pressure on venture capital firms to return capital to their investors
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“A lot of people think about an exit as a one-time event,” Jasper told the event. “I go to an IPO or I sell my business. The way we think about it is seeing exits as a series of events, so that you exit progressively over a period of time.”
Jasper was himself involved in one of the biggest exits in Australian tech and VC history when he sold his construction software business Aconex to Oracle for $1.6 billion.
