The first quarter of 2021 was a busy season for technology exits, TechCrunch reports. Coming off a hot streak in the final quarter of 2020, it was no surprise that tech upstarts pursued liquidity through a variety of mechanisms as the new year began.
There were IPOs, there were direct listings and PE deals, there were SPACs galore.
Each path is still open for later-stage startups to pursue exits: The IPO market was welcoming until a few minutes ago and private equity firms are stacked with cash and willing to pay higher multiples than they might in more normal times. And there are sufficient SPACs to take the entire recent Y Combinator class public.
Choosing which option is best from a buffet’s worth of possibilities is an interesting task for startup CEOs and their boards. Read more.
