{"title": "EXIT 2 and Finnish entrepreneurship | Matias Mäenpää | Negotiator 49", "titleOriginal": "EXIT2 suomalainen yrittäjyys | Matias Mäenpää | Neuvottelija 49", "episodeNumber": "49", "guest": "Matias Mäenpää", "publishedAt": "2020-11-29", "duration": "41:03", "durationIso": "PT41M3S", "youtube": "https://www.youtube.com/watch?v=DFM_nL7PoQE", "fiCanonical": "https://www.neuvottelija.fi/fi/episodes/55-matias-maenpaa-exit2-suomalainen-yrittajyys-neuvottelija-49", "originalLanguage": "fi", "format": "full", "topics": ["ma_exits", "investing_markets"], "description": "Matias Mäenpää, co-author of the EXIT book series, explains why the core message is that an exit is a consequence rather than a cause. The episode covers the finding across 31 cases that partial private equity acquisitions satisfied founders less often than industrial buyers did, the psychological contract as the real determinant of a deal's success, unfair advantage as an investment philosophy, and why none of the 31 retired. Plus Mäenpää's move to Luxembourg and why remote negotiation smokes out the incompetent.", "chapters": [{"t": "00:00", "title": "An exit is a consequence, not a cause", "seconds": 0}, {"t": "02:30", "title": "Mäenpää's own exit, and being sent home to grow", "seconds": 150}, {"t": "05:05", "title": "Cases, and why not to pick a favourite", "seconds": 305}, {"t": "07:44", "title": "Sami Inkinen, family businesses and the children's clothing surprise", "seconds": 464}, {"t": "10:17", "title": "Private equity versus the industrial buyer", "seconds": 617}, {"t": "12:50", "title": "The psychological contract and the projection that becomes a budget", "seconds": 770}, {"t": "15:22", "title": "Life after the exit: nobody retired", "seconds": 922}, {"t": "17:55", "title": "Why the founder is not the right CEO for the next phase", "seconds": 1075}, {"t": "20:32", "title": "Unfair advantage as an investment philosophy", "seconds": 1232}, {"t": "23:06", "title": "Being the first investor, and the tempo that matters", "seconds": 1386}, {"t": "25:41", "title": "Choosing the cases from a hundred-company longlist", "seconds": 1541}, {"t": "28:13", "title": "Luxembourg: why there, and what the pandemic did", "seconds": 1693}, {"t": "30:43", "title": "Ice hockey as an instant network", "seconds": 1843}, {"t": "33:15", "title": "Four-hour interviews conducted entirely remotely", "seconds": 1995}, {"t": "35:45", "title": "Why remote negotiation smokes out the incompetent", "seconds": 2145}, {"t": "38:16", "title": "The standing of entrepreneurship, and why business people should speak", "seconds": 2296}], "sourceTranscriptType": "macwhisper_srt", "subtitleMethod": "none", "provenance": "Owner page assembled from the MacWhisper SRT transcript, YouTube metadata and the neuvottelija.fi episode record. Chapter timecodes are taken from the transcript; no caption files are published with this page.", "slug": "ep49-exit2-suomalainen-yrittajyys-matias-maenpaa", "guestsCanonical": ["Matias Mäenpää"], "guestPages": ["https://www.neuvottelija.com/podcast/guests/matias-maenpaa/"], "page": "https://www.neuvottelija.com/podcast/episodes/ep49-exit2-suomalainen-yrittajyys-matias-maenpaa/", "markdown": "https://www.neuvottelija.com/podcast/episodes/ep49-exit2-suomalainen-yrittajyys-matias-maenpaa/index.md", "captions": null, "transcript": null}