Business exit strategies depend on the current economic environment. The relative ease of an exit through an IPO or acquisition varies every year depending on the relative appetite of the capital markets and corporate acquisitions.
The Current Environment
The second half of 2008 will probably go down in history as the worst or possibly second worst, IPO market for technology companies ever. In the third quarter, there were no IPO's of venture-back companies in America. This has never happened before. It's hard to image a worse situation - it would probably have ...