I’ve been learning more about start-ups recently and have noticed a lot of them want to be acquired. Why is this? Could they also choose to grow their business?
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There is a big difference between creating a business and running one long term.
Take tech as an example.
A few very smart people can create a new “thing”.
To actually sell that thing you need to make it (manufacturing), tell people about it (marketing), sell it, take the money (and all the tax and accounting to go with it), support customers who have problems, offer refunds, etc.
Some people feel it’s better to sell the idea once they have proven it work and let someone handle all the “business stuff”. Then they can go on to do what they are best at, creating a new “thing”.
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