Business
25 min
Patagonia and the Exit Nobody Teaches
A billionaire refused both exits. The third one had been hiding for a century.
Founders are taught two ways out: IPO or acquisition. In 2022, Yvon Chouinard transferred Patagonia to a purpose trust and a nonprofit, making a third path concrete. The venture and private equity industries have a structural reason to keep that path invisible.
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About Mythio
One story, one sitting.
Mythio is a library of audio documentaries on the ideas, people, and events that shaped the world. Each episode is researched across the best sources, fact-checked, and told in full. Most run twenty to thirty minutes, long enough to go deep, short enough to finish in one sitting.