The holdco exodus is becoming a founding, independent class

Building ambitious, successful businesses outside the holdco model is more viable than ever. Here's who is taking advantage.

May 19, 2025 - 05:02

The holdco exodus is becoming a founding, independent class

After more than two decades in the holdco machine, Marcy Samet knew that striking out on her own likely meant a one-way ticket. For years, the industry ran on a reliable cycle: execs left bloated networks, built indie shops then cashed out by selling right back into the machine. But that cycle’s losing steam. The exits keep coming but the re-entries aren’t always part of the plan anymore.

“There are more options open now for people like me,” said Samet, who left her role as a growth specialist at IPG last summer.

By “people like me”, she means the wave of senior execs leaving the holdcos in droves. Some jumped, others were pushed — many under compromised agreements that allow a push to look like a jump. Whatever the backstory, the draw of starting something new has never felt strong. Not because returning is too cutthroat or bruising, but because — for the first time in a long time — it feels like building something that can stand on its own is actually possible.

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