A company that I worked for, Pivia (HTTP acceleration software/appliance), was sold to Swan Labs that continued to service existing customers rather than to an

A company that I worked for, Pivia (HTTP acceleration software/appliance), was sold to Swan Labs that continued to service existing customers rather than to an alternative that would have paid more, but was more interested in IP and engineers. To be clear, we are not talking about successful acquisitions that make the fund. There interests of shareholders and customers are likely to be aligned anyway. I agree, but few things are true of VC funds as asset class as a whole. Top-tier funds behave differently than the rest.