Part V. Mergers and Acquisitions, Bankruptcies, and Dissolution

In recent years, mergers and acquisitions (M&A) have turned out to provide many of the most successful exits. In fact, the number of exits through venture M&As exceeds the number of exits via IPOs, and hence the importance on this topic in this book.

The size and scope of the deals are also important for entrepreneurs, since there is an intimate connection between the scope and value of announced acquisitions and the amounts and fields of investments made by venture capitalists in the following periods.

As a by-product of the phenomenon, companies which are just starting out are focusing on developing their technologies with an eye to attracting leading companies to regard them as a ...

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