Let $X$ be a stratified space, with stratification $S$ (we will ignore technicalities).
The category of exit paths $Ex(X,S)$ is a directed refinement of the path groupoid of $X$ accounting for the stratification. More precicely the objects of $Ex(X,S)$ are points of $X$, and morphisms between points are stratified homotopy classes of paths in $X$ which do monotone with respect to strata. By stratified homotopy classes I mean that the homotopies themselves are monotone in strata in a suitable way.
It is observed by MacPherson (unpublished) that the category of $S$ constructible sheaves of sets on $X$ is equivalent to the category from functors from $Ex(X,S)$ to the category of sets. I assume that this extends to constructible sheaves in vector spaces, but I don't know a reference.
This fact, together with the equivalence between local systems and $\pi_{1}(X)$-representations, tells us that a constructible sheaf of vector spaces is the same as a local system for each stratum together with morphisms of local systems encoding how the strata fit together in $X$.
Does this interpretation have any use in the study of cohomology with coefficients in constructible sheaves? More precisely, given a constructible sheaf $F$ on $X$, can you recover the cohomology groups with coefficients in $F$ from the cohomology groups with coefficients in the corresponding local systems together with the induced linear maps between them?
As a side question, is there any hope of a similar interpretation of stale constructible sheaves in algebraic geometry with exit paths replaced by torsors of some kind?