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Article: Start-ups' new buyer: private equity firms: VENTURE CAPITALISTS FIND AN ALTERNATIVE TO THE IPO.
- Article from:
- San Jose Mercury News (San Jose, CA)
- Article date:
- December 22, 2006
CopyrightCOPYRIGHT 2006 San Jose Mercury News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Constance Loizos
Dec. 22--Private equity firms, already reshaping wide swaths of American business, are poised to begin shaking up the venture industry, too.
In a new survey of venture capitalists' 2007 predictions, 71 percent of the 200 individuals polled by the National Venture Capital Association said that selling their start-ups to these giant buyout firms may become an "attractive option" next year.
It's a dramatic shift; the worlds of venture capital and private equity have rarely interacted.
Private-equity firms typically buy mid-size to large companies -- public or private -- with an eye toward selling for at least ...