Comment by airstrike
1 day ago
The problem with that analysis is it ignores all the companies that exited through an acquisition rather than public markets.
If anything, it's an endorsement of M&A.
1 day ago
The problem with that analysis is it ignores all the companies that exited through an acquisition rather than public markets.
If anything, it's an endorsement of M&A.
My “analysis” was the idea of a private company that seems to want to stay independent and control their own destrone like the author of the submission wants. There are only two ways to stay independent - stay private forever or go public.
Once you take outside funding, you really have no choice but an acquisition or go public. VCs don’t want to get tiny dividend checks. Even public shareholders will insist on a sale at the right price
Going public doesn't keep you independent, though, unless you were already the kind of unicorn that has enough pull to own a massive amount of shares and/or a special class of them
Isn’t that what I just said?
> Even public shareholders will insist on a sale at the right price
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