Selling isn't the only way for owners to take money out of a business.
Revolut just proved it, at $250m scale.
"Revolut has proposed increasing the amount chief executive Nik Storonsky can borrow against his stake in the fintech fivefold to $250m, in a move that would allow the billionaire to access more cash as the group's valuation soars."
The new articles of association let him unlock the value of his stake "without reducing his holding".
I find that many business owners tend to adopt a “sale-or-nothing” approach. They work towards an eventual exit and then get paid.
This is a reminder that even for regular businesses, there are more sophisticated ways to engineer liquidity routes years earlier.
Taking money off the table and keeping your company aren't mutually exclusive.
But it only works if the business is valuable, the value is real - and it doesn't all depend on one person.
