Silicon Valley needs to build out, not cash out

Mar 09, 2020 - Fortune
Mergers and Acquisitions

In Silicon Valley, the most important thing to think about when starting a company is how you’re going to end it. The venture capital funding model that dominates the tech industry is focused on the “exit strategy”—the ways funders and founders can cash out their investment. 

Today, that focus is preventing disruptive competition, cementing tech monopolies, driving companies to shelve innovations, and undermining the promise of Silicon Valley.

While in common lore the exit s...