The decisions that destroy companies
are usually rational.

That’s what makes
them hard to see coming.

The calls that looked right at the time — and what they actually did to value.

Three Exits is a weekly case study in real company decisions.

Pricing. Hiring. Strategy. Debt.

Written by a CEO with three exits.

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When the Story Became the Strategy
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How Northvolt turned a fixable factory ramp problem into a $9 billion capital destruction event and why the board approved every step.

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Priced Like Software, Built Like Services, Broken by Debt

How Builder.ai raised $450 million on a delivery model it could never prove

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ABOUT

Built.
Invested.
Sold.

Hi, I’m Matt

Three exits. One at £150m. Thirteen years in the chair.

Three Exits breaks down the decisions that moved company value — the ones that looked right, the ones that didn’t, and what actually separated them.

Written by someone who made the calls. Not someone who studied them.

We work with a small number of brands aligned to our audience.