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When to sell your company? Look for these signals
Startups are 16-times more likely to get acquired than to IPO. Here's how to decide when o cash out.
In Silicon Valley, we always talk about IPOs,” said Naveen Rao, VP of AI at Databricks and two-time founder, onstage at TechCrunch Disrupt 2024 on Thursday. “You hear all these stories about ‘good companies are bought, not sold’ and ‘you should just keep going and have infinite perseverance,’” Dharmesh Thakker, general partner at Battery Ventures, told the audience. “I’ve been fortunate to be an investor in MongoDB and Cloudera, Databricks, Confluent, Gong many others, where every time we had an acquisition offer, we looked at the framework and said, Are these three things true?” If the answer was yes, the Battery team encouraged the startup to remain independent.
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