The Exodus IPO story

I invested in Exodus back in 2017 and on May 9th we were scheduled to list on the NYSE.

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I received an invitation by the CEO to join the team in ringing the bell.

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They were preparing for the big event.

Hundreds of people arrived in New York.

But we encountered a sudden change of plan.

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The SEC blocked the listing the day before.

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There was disappointment.

There was shame.

There was pain.

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The leadership team faced many questions:

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- How do you deal with such kind of adversity?

- How do you navigate a rollercoaster of emotions?

- And how the heck do you throw a party that has lost the main celebration point?

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The team decided to do what was up to them.

And do the best with what they had.

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And what they had was beautiful:

1️. The best quarterly results since the beginning of the company.

2️. A chance to celebrate the efforts, the team, and the results so far. 

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And celebrate the efforts, the team, and the results we did:

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- We kept the party and had a great time

- We shared stories related to the company

- We had blasts from the past of memories together

- We created a stronger bond between all of us

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Here’s my lesson about facing adversity:

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👉 Big strategic challenges need to be faced boldly.

👉 Take a step back and refocus your perspective.

👉 Bring everyone to the same table.

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Communicate.

Be transparent.

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What seemed like a “major breakdown” on Wednesday, by being processed with speed, clarity and conviction, became just “another bump on the road” by Thursday.

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Everyone worked together to solve this.

The team became stronger.

More committed.

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I send a wholehearted gratitude and support to JP Richardson and Daniel Castagnoli for pulling this off.

The best is yet to come! You can do this!