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Tight Money Will Pressure Startups To Sell In 2023
Startups holding out for an IPO or Figma-scale acquisition are likely to be disappointed.
15 Jan 2023, 11:12 AM IST
(Bloomberg Businessweek) -- The conventional goal for startup founders is to take their company public, with a top consolation prize being a lucrative sale to a larger company. A prime example is the $20 billion deal announced in September under which software design startup Figma Inc. would be acquired by Adobe Inc. The transaction, which is awaiting regulatory approval, values Figma at more than twice its final private valuat...
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