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Yeah, I'm sure his VCs are happy with that statement and they'll go along with that plan... If you're a VC-backed company, you usually have a maximum of 7 year
by nickb 18y ago
Yeah, I'm sure his VCs are happy with that statement and they'll go along with that plan...
If you're a VC-backed company, you usually have a maximum of 7 years to make an exit. The clock usually runs out much faster since the company is either acquired long before then or it slumps and VCs take what's left of their money and put it into something else. As for IPO market... it's dead for majority of companies until SOX is overturned.