Depends fund to fund and startup. Some funds and VCs (like the one I work with) are fine with an acquisition as an exit if the stars align. Others (like A16Z) a

Depends fund to fund and startup. Some funds and VCs (like the one I work with) are fine with an acquisition as an exit if the stars align. Others (like A16Z) are funding in order to IPO and make the next Facebook. Not all funds follow the same strategy.