Is the musical chair going to end this or next year? Be quick, entrepreneurs..
// As for the lack of tech M&A, it seems to be both a buy-side and sell-side problem. On the buy-side, corporate development managers say it is difficult to convince their boards to pay premiums to private round prices that, in general, are believed to be artificially inflated (even though many of those boards are sitting on massive cash hoards and their own high stock prices). On the sell-side, there’s again the belief that Fidelity or Wellington will be willing to write the next check at an ever-increasing valuation (i.e., we don’t want to sell too early and be thought of as the next Instagram). //
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