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ExitBoard turns the $100M Exits archive into an advisory board you can question. Ask what you'd ask a mentor — raise, LOI, cap table, co-founder — and get a straight answer cited to the founder, episode, and timestamp.
Built for founders and operators between $1M and $100M in revenue who are raising, weighing an offer, or deciding whether to sell. Type your question below. It's free, no sign-up, no credit card.
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Insights from founders and investors behind $100M+ companies and firms.
ask my board how to structure an earn-out that actually pays out
Your Board · ask_the_board
Three levers from the founders who've closed nine-figure earn-outs: (1) tie the metric to gross revenue, not EBITDA — buyers control EBITDA post-close…
📎 Ep 47 · Drew Sanocki on his $110M exit — YouTube 12:04 📎 Ep 62 · Jeff Fenster on earn-out traps — YouTube 08:31
Brief your board
Advice is generic until your board knows your company.
Create a free profile, your stage, sector, revenue range, and the decision you’re facing, and every answer is tailored to your situation. Like walking into a board meeting where everyone’s already read the memo.
Anonymous answer
“Should I take the LOI or push for another round?”
Here are the trade-offs founders typically weigh: dilution vs. control, buyer motivation, runway, and how the market is pricing your category right now…
With your profile briefed
“Should I take the LOI or push for another round?”
Since you’re a $12M ARR B2B SaaS with 14 months of runway weighing a 4.2x LOI, two founders in your exact spot make the case for pushing: here’s what they got, and what they wish they’d asked for…
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The host
Jason Kirby has been in the room , on both sides of the table.
Serial founder · Managing Partner, Thunder.vc · Host of $100M Exits
This isn't a journalist interviewing from the outside. Jason is a serial founder with 4 exits who's been personally involved in $100M+ in transactions, and now runs Thunder.vc, a capital advisory firm that's helped founders raise $1.2B+. He built this archive from 100+ conversations with the operators and investors who've done what you're trying to do, so the answers you get are grounded in real deals, not theory.
4
COMPANIES EXITED
$100M+
In transactions led personally
$1.2B+
Raised by Thunder.vc founders
100+
Nine-figure founders interviewed
"No founder has time to listen to 100 hours of advice. You have a decision to make today. So we made every lesson from every guest accessible as if you're asking them your questions over coffee."
The board is async, Jason is the live seat. Founders bring him the decisions they only get one shot at. Here’s what a few had to say after working with him directly.
SaaSB2BLondon$11.1M Raised
“My investors brought Jason in to sell us to get their money back. But when I met with Jason, he saw the real potential in my business was still to come and suggested a Growth Buyout Strategy. His insights and guidance in communicating with my board were game-changing.”
Olga Dogadkina
Emperia
EcommerceB2CNew York$11.2M Raised
“Jason was my secret weapon while fundraising. He supported me with the key analysis that closed my debt financing and gave great guidance on fundraising throughout. He goes above and beyond and delivers on what he says he's going to do.”
Renata Black
EBY
AIB2B$1.5M Raised
“Jason transformed our fundraising journey. In less than 45 days, he helped us close 3 investors for $1.5M.”
Devrim Yasar
Lucky Robots
HealthtechB2CNew York$23.6M Raised
“Jason has been like fairy dust for me. It has been great putting together a pitch deck with him and seeing investors respond to it so positively. Working with Jason has made me so much more optimistic about my business.”
Mike Russell
Monument
FintechB2BLithuania$376M Raised
“We've been profitable for 7 years without external capital, so choosing the right growth partner was critical. Jason helped us articulate why now is the perfect time to scale and opened the door to investors who truly understood our vision for European SME financing.”
Audrius Milukas
smeGo
EcommerceB2BNew York$30M Raised
“Jason connected us with dozens of investors specifically interested in consumer health products. That targeted matching created competitive interest that strengthened our position and helped us secure $30M in capital.”
Justin Kerzner
Magic Molecule
AI EcommerceB2BSan Francisco$30M Raised
“Coming out of our raise I am more indebted to Jason for all of his advice, guidance, and leadership than anyone else. That's a big achievement given our scale.”
Patrick Xie
Silicon Valley Commerce
HardwareB2BChandler$12M Raised
“After years of bootstrapping through crowdfunding, we needed someone who could tell our story to serious investors. Jason took our engineering innovation and made it compelling to them. The traction we're seeing in the market speaks volumes about his approach.”
Harmen Van Kamp
Global Air Cylinder Wheels
Healthtech SaaSB2BNew York$10M Raised
“Jason's recommended capital strategy gave us exactly the clarity we needed to drive our business forward. His understanding of the healthcare technology landscape and ability to identify our optimal funding path was crucial as we focused on customer traction and prepared for our next round.”
Anand Prabhu
Mediportal
AdtechB2BNew York$7.5M Raised
“I'm incredibly grateful for Jason. I knew I needed growth capital, but I had no idea how to get it. Jason made it so easy. I plan to bring him back for all our capital needs going forward.”
TC
Thomas Cheng
DigiPeak Media
TraveltechB2CLos Angeles$7.1M Raised
“Jason's responsiveness & willingness to help allowed us to close our pre-seed and seed stage investments quickly. We're thrilled to have had Jason as a part of the team and strongly recommend other founders to work with him.”
Al Simon
Going (Eludee)
TechnologyB2CCalifornia$7M Raised
“We would be nowhere without Jason. He introduced us to investors and helped us survive & thrive in what has been a very tough market these past 5 years.”
Ian McLoughlin
Stim
AIB2CNew York$3.2M Raised
“As an AI startup in the middle of the AI boom, Jason filtered out the noise and connected us with partners who recognized our unique position in the market.”
Roi Lee
Mage
EcommerceB2CWashington D.C.$3M Raised
“Jason's strategic guidance helped us optimize our capital strategy and identify the right investors for our healthy meal delivery platform. His understanding of the foodtech space and ability to balance our expansion plans with sustainable growth was crucial to securing our $3M Series A.”
Turner Hoff
Vegetable + Butcher
Proptech SaaSB2BToronto$2.5M Raised
“From the very beginning, Jason was incredibly helpful. Throughout the process, he made everything run smoothly and professionally. His expertise and personalized approach exceeded our expectations.”
Rafi Dowla
PremiseHQ
EcommerceB2BAustin$2M+ Raised
“Jason's financial modeling and strategic guidance were game-changing for us. He understood our opportunity to become a market leader and structured our pre-seed round to close $2M and set us up for our $10M seed round with Tier 1 investors. We couldn't have navigated this without him.”
Evon Onusic
Frontiers Market
SaaSB2BSan Francisco$1.2M+ Raised
“Working with Jason gave us clarity on our strategic options at a critical decision point, raise, sell, or stay profitable. He positioned our engineering analytics platform effectively, and his advisory was instrumental in our decision to keep bootstrapping in preparation for a larger exit in the coming year.”
Julian Colina
Haystack
Food & BeverageB2CSan Diego$1.2M Raised
“Finding the right investors and aligning all the strategic and operational pieces was a challenge for us. Jason achieved exactly that for our CPG business when traditional approaches had failed.”
Brandon Fishman
VitaCup
SaaSB2BBelgrade$150k Disclosed
“Jason helped us find strategic acquirers who recognized our business's potential beyond traditional VC metrics. In 6 months we received 4 competitive term sheets.”
Daniel Latzman
Myndbend
LegaltechB2BDebt Financing
“Finding the right debt structure for our unique business model was hard until we worked with Jason. He immediately grasped how our AR cycles work and crafted a financing solution that actually accelerates our growth. Now we can onboard new clients without cash flow constraints.”
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