I heard recently “to go public these days you need the unbounded potential of the dot-com days and the solid fundamentals of large company”. That comment crystalized several disconnected snippets of conversations over the past several weeks. During lunch a CEO was said his company is doing 20M annual booking but where should it go next? Sarbanes Oxley has raised the bar to 60-70M but even then unless you have a strong quarterly growth and good visibility into future quarters it is tough to get out.
So where are the exits? The larger companies are acutely aware of these facts. Coupled with the presence of a large number of companies with similar technology, it seems like for the next couple of years tech will be a buyers market.