> Since the time to IPO is so much longer than the average tenure at a tech company It is inconvenient for those looking to IPO for a windfall, but keep in min

> Since the time to IPO is so much longer than the average tenure at a tech company It is inconvenient for those looking to IPO for a windfall, but keep in mind that most startups aren't looking to IPO but to be bought out. Only a tiny fraction of the unicorns IPO. Most startups are usually bought by other companies. The software security startup I worked for didn't IPO. It was bought out by another more established startup. Which was bought out by some hedge fund or something a few years later. Most ( but not all ) tech billionaires are created by these huge IPOs. But by far, most millionaires in the tech world are created by being bought out, not IPOing.