You sold your company. The wire cleared. Six months later, you're more anxious than when you were working 80-hour weeks.

Most founders spend years planning their exit strategy and zero hours planning what happens the day after the deal closes. Tom Freiling led a digital publishing company to NASDAQ, sold it, then launched into his next venture without taking a breath. Looking back, he calls it his biggest mistake. The problem wasn't that he kept working. The problem was he never figured out who he was outside the company he'd just sold.

This episode breaks down the post-exit transition most founders get wrong. We explore why your anti-portfolio matters more than your vision board, how to structure strategic downtime so it doesn't become purposeless drift, and why the best thing you can do after an exit is help other founders while you figure out what comes next.

Keywords: exit strategy, post-exit planning, founder identity, second venture, entrepreneurship transition, Tom Freiling, strategic downtime, anti-portfolio