Chapter 16 explores how business owners and entrepreneurs exit their business. Sometimes that exit is successful and sometimes not so successful. Based on the exit options discussed in Chapter 16 please select the option that best fits the following examples and explain why that method of exit makes the most sense.

• A small technology company that has raised $3 million in venture and Angel capital but lacks the resources and management experience to grow any larger.

• A small manufacturing firm owned by a sole owner that has not created a succession plan or designated a family member to take over the business.

• A small real estate investment firm that has made a number of bad investments and must end operations.

• An owner of small chain of restaurants that have been successful and for which he provided shares to his employees and local shareholders.

• A tech company with explosive growth that has raised millions in venture capital and requires more sources of capital as a currency to make acquisitions to continue to fuel rapid growth.