You know, I don't think I fully understood that one part. A small valuation is in the interest of the acquirer, but a bigger valuation is in the interest of th

You know, I don't think I fully understood that one part. A small valuation is in the interest of the acquirer, but a bigger valuation is in the interest of the startup-to-be-acquired, no? (of course, not too large to the extent that they become too expensive and thus kill the deal) So it's an optimization problem - you want it to be as big as possible for the startup folks to win $, but small enough that it's easy for the acquirer to justify