Why startups should stop selling out before IPO
It used to be that every startup’s dream was to go public one day. But the tide has turned in recent years, said Jeff Jordan, a partner at esteemed venture capital firm Andreessen Horowitz, at the Tech in Asia Tokyo 2016 conference.
“Now it’s been fashionable not to go public and companies are trying to stay private for much longer,” he told the audience….
Jeff has observed the trend particularly in the US, where he said a lot of the companies remain private for a decade or so. That’s largely due to the emergence of non-traditional investors such as private equity funds, hedge funds, and strategic corporations willing to make late-stage investments, he said.
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