Friday, August 19, 2011
Insights and Opinions: Waiting for Google
In our Insights and Opinions section this Friday morning, Frank Peters, angel investor and podcaster at the Frank Peters Show, shares his opinions on startups making Google their exit strategy:
It's the exit strategy for too many entrepreneurs: "Google's a target exit partner." As an angel investor I've heard this many times, and, who knows? It happens occasionally, so like a rat in a maze, the entrepreneur continues to search for this piece of cheese even though statistically it's rare.
In the past week we've seen Google announce a multi-billion dollar acquisition of Motorola Mobility; if you had their cash you'd be elephant hunting, too. Like large VC funds, they have too much money to be looking at sub-100 million dollar deals, let alone sub-20. Meanwhile entrepreneurs dream. (Continued...)
Read the rest of Frank's article, Waiting for Google.