Built to flip

Not that I would ever consider this myself (unless of course the check was really really big), but more and more startup founders are defining success as acquisition, not IPO.

Once upon a time, venture capitalists defined success in the companies they backed as an eventual initial public offering. No longer. In today's world of churning and uncertain stock markets, an IPO is the exception, not the rule, for most fast-growing private companies. Increasingly, venture capitalists invest in companies with the expectation that they will be acquired by a major corporation or an investment group.

Posted by jpbutler at November 9, 2004 04:59 PM