What’s the best way to navigate exit options?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Some Thoughts On Founder Liquidity – AVC

I now believe that providing some founder liquidity, at the appropriate time, will incent the founders to have a longer term focus and that will result in exits at much larger valuations because, contrary to popular belief, founders drive the timing of exit way more than VCs do. Figuring out the “appropriate time” is tricky and there is no hard and fast rule