It's become so common that we take it for granted: a start-up is born, raises venture capital, grows rapidly, and then is acquired in an 8-, and 9-, or even 10-figure deal. In recent years, Tumblr, Instagram, Waze, Yammer, and now WhatsApp have followed this path. In earlier years, the same thing happened to household names like YouTube and Skype.
It's not hard to see why the founders of these companies would have trouble turning down a billion dollars or more for their companies. But the fact that so many founders has said yes to those deals has been bad for Silicon Valley and the U.S. economy.
Via Trudy Raymakers