There Aren't Many Venture Backed IPOs(avc.com)
avc.com
There Aren't Many Venture Backed IPOs
http://www.avc.com/a_vc/2011/06/there-arent-many-venture-baced-ipos.html
2 comments
If you don't include time, this graph is worthless. It's not just the exit amount, but how long it took you to get there. I think PG pointed out at Startup School that super-angels seem to be going for quick M&As, not IPOs, and that therefore, didn't care about the valuation as much.
I really like Fred Wilson's blog. But I'm wondering - he reckons there's a bubble in startups at the moment, should he be trying to exit USV investments [1]? I understand his complaints from a series-A investor perspective, but many of their portfolio companies are well established (Twitter, Meetup, Covestor etc.), why aren't they making a move for an exit?
[1] http://www.usv.com/investments/
[1] http://www.usv.com/investments/
I'm pretty sure he hasn't denied exiting Twitter via SecondMarket.
I'm pretty sure he has: http://news.ycombinator.com/item?id=2650977
That only denies SecondMarket - I think what he is saying is they might have sold to later stage VC/PE firms in an organized round and doesn't appear to be denying that he somehow exited. Honestly, don't blame him for at least cashing some out on 20X+ home run.