{"id":7964,"date":"2026-05-11T15:29:44","date_gmt":"2026-05-11T15:29:44","guid":{"rendered":"https:\/\/virconlegal.com\/term\/cikis\/"},"modified":"2026-05-13T04:31:03","modified_gmt":"2026-05-13T04:31:03","slug":"cikis","status":"publish","type":"term","link":"https:\/\/virconlegal.com\/tr\/term\/cikis\/","title":{"rendered":"\u00c7\u0131k\u0131\u015f"},"content":{"rendered":"<h3>TLDR:<\/h3>\n<p>\u00c7\u0131k\u0131\u015f (Exit), bir startup veya \u00f6zel \u015firketin kurucular\u0131n\u0131n ve yat\u0131r\u0131mc\u0131lar\u0131n\u0131n yat\u0131r\u0131mlar\u0131n\u0131 paraya \u00e7evirdi\u011fi olayd\u0131r. IPO, sat\u0131n alma veya secondary sale ile ger\u00e7ekle\u015fir.<\/p>\n<h3>Exit Nedir?<\/h3>\n<p>Exit, startup ekosisteminde &#8220;liquidity event&#8221; olarak da bilinir. Kurucular ve yat\u0131r\u0131mc\u0131lar i\u00e7in yat\u0131r\u0131mlar\u0131n\u0131 ger\u00e7ek paraya d\u00f6n\u00fc\u015ft\u00fcrme f\u0131rsat\u0131d\u0131r. VC fonlar\u0131 kapsam\u0131nda her \u015firket bir exit hedefler \u2014 bu olmadan yat\u0131r\u0131mc\u0131lar getiri elde edemez. Tipik VC tutma s\u00fcresi 7-12 y\u0131ld\u0131r.<\/p>\n<h3>Exit T\u00fcrleri:<\/h3>\n<p>\u00dc\u00e7 ana exit t\u00fcr\u00fc: 1) IPO (Initial Public Offering) \u2014 \u015firket halka a\u00e7\u0131l\u0131r, \u00e7o\u011fu prestijli, ancak %1&#8217;den az\u0131 bu yolu se\u00e7er. 2) M&#038;A (Acquisition) \u2014 \u015firket ba\u015fka bir \u015firket taraf\u0131ndan sat\u0131n al\u0131n\u0131r, en yayg\u0131n exit (%80+). Stratejik veya finansal al\u0131c\u0131 olabilir. 3) Secondary Sale \u2014 yat\u0131r\u0131mc\u0131lar paylar\u0131n\u0131 ba\u015fka yat\u0131r\u0131mc\u0131lara satar (\u015firket halka a\u00e7\u0131lmadan). 4) Buyout \u2014 y\u00f6netim ekibi veya PE firmas\u0131 \u015firketi al\u0131r.<\/p>\n<h3>Exit Haz\u0131rl\u0131\u011f\u0131:<\/h3>\n<p>Ba\u015far\u0131l\u0131 exit i\u00e7in haz\u0131rl\u0131k 12-24 ay \u00f6nceden ba\u015flamal\u0131: Financial cleanliness (denetlenmi\u015f finansallar), Legal due diligence readiness, Strong management team (founders alone yeterli de\u011fil), Documented processes ve systems, Customer concentration risk azaltma, Intellectual property korunmas\u0131, ve M&#038;A advisor se\u00e7imi. Banker fee&#8217;leri tipik olarak %1-5 deal size aral\u0131\u011f\u0131ndad\u0131r.<\/p>\n<h3>Exit&#8217;in Kurucu \u00dczerindeki Etkileri:<\/h3>\n<p>Kurucular i\u00e7in exit \u00f6nemli bir milestone&#8217;d\u0131r ama dikkat gerektirir: Earnout structures \u2014 exit fiyat\u0131n\u0131n bir k\u0131sm\u0131 gelecek performansa ba\u011fl\u0131, Lock-up periods (genellikle 1-3 y\u0131l), Non-compete provisions (yeni ba\u015flang\u0131\u00e7 yapmak engellenebilir), Tax planning (QSBS exemption ABD&#8217;de b\u00fcy\u00fck avantaj), Identity ve mental health transition (kurucu olmaktan \u00e7al\u0131\u015fan olmaya), ve Wealth management. &#8220;Founder regret&#8221; yayg\u0131nd\u0131r \u2014 exit sonras\u0131 life satisfaction kurucular\u0131n 1\/3&#8217;\u00fcnde azal\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR: \u00c7\u0131k\u0131\u015f (Exit), bir startup veya \u00f6zel \u015firketin kurucular\u0131n\u0131n ve yat\u0131r\u0131mc\u0131lar\u0131n\u0131n yat\u0131r\u0131mlar\u0131n\u0131 paraya \u00e7evirdi\u011fi olayd\u0131r. IPO, sat\u0131n alma veya secondary sale ile ger\u00e7ekle\u015fir. Exit Nedir? Exit, startup ekosisteminde &#8220;liquidity event&#8221; olarak da bilinir. Kurucular ve yat\u0131r\u0131mc\u0131lar i\u00e7in yat\u0131r\u0131mlar\u0131n\u0131 ger\u00e7ek paraya d\u00f6n\u00fc\u015ft\u00fcrme f\u0131rsat\u0131d\u0131r. VC fonlar\u0131 kapsam\u0131nda her \u015firket bir exit hedefler \u2014 bu olmadan yat\u0131r\u0131mc\u0131lar getiri [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-7964","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=7964"}],"version-history":[{"count":4,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7964\/revisions"}],"predecessor-version":[{"id":9689,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7964\/revisions\/9689"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=7964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=7964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}