What really stood out to me was the idea that the current climate of shooting for an acquisition as a primary exit strategy is due to the threat of the entrench

What really stood out to me was the idea that the current climate of shooting for an acquisition as a primary exit strategy is due to the threat of the entrenched goliaths of the industry and the concentration of power they have in terms of markets and patents. I had never linked that trend to anti-competitiveness in the market because the market looks so competitive based on how many companies are starting and getting funded.