Exit Strategies - M&A vs IPO - Part 1
summary
Claims that IPOs are the obvious exit get challenged with numbers and examples: NASDAQ deal flow falls from about 90 to ~50 acquisitions year over year, Facebook’s IPO is called overdone, and Tumblr→Yahoo and Skype→Microsoft get used as integration tests. Practical verdict: acquisition often fails due to poor integration and talent loss, so success requires deliberate structure, clear communication and ring‑fencing. For Israel the debate centers on whether the state should promote IPOs versus repeatable exits; regulators risk hurting listings, while education and R&D remain top policy levers.
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