interesting commentary regarding most start-ups not even designed for an IPO nevermind the long-haul. Pretty consistent with Fred Wilson's comments regarding the changing dynamics of the exit from the vc side.
- Lou Paglia
John: your article presents an important message. VC's are agents. They buy and sell products. They don't consume products. And it is important to remind ourselves that the only product that the VC's are interested is the company, i.e., VC's buy and sell companies. That's their business. When there is a liquidity crisis (for startups), then we have a fundamental problem. There is no...
more...
- Denny K Miu