They say that the finance world is getting back to normal with new IPOs of companies like Instacart. But then, the second day after the Instacart IPO, they lost 11% of their IPO gains. ARM also went for an IPO recently and had a bit of a downfall.
Nevertheless, the IPO market is buzzing. Then Cisco decided to buy a cybersecurity company for $28 billion and dominate the front pages.
Many startups that I’ve worked with have this exit strategy in mind — We want to scale so big to get acquired by a giant company and then retire with billions in cash.