There's obvious sampling bias here. The companies in CrunchBase are not chosen according to objective criteria. They're chosen because someone visited the Cru

There's obvious sampling bias here. The companies in CrunchBase are not chosen according to objective criteria. They're chosen because someone visited the CrunchBase website and added them. It's not a big surprise that the only semiconductor companies anyone bothers to add tend to be the successful ones. And, your company can be a cash cow even if it never gets acquired or has an IPO. I suspect this applies to a lot of consulting companies, but what would I know?