Snap is about to have what should really be the major tech IPO of the 12 months. But even though CEO Evan Spiegel and firm are creating the predicted stage of buzz for their attempts, their move to the public industry is an outlier amid startups.
At minimum, that is according to a latest study of 941 startups — sixty nine% of which were being from tech — by Silicon Valley Bank. As this chart from Statista demonstrates, just 16% of people firms see heading public as their most real looking prolonged-phrase goal.
Alternatively, the bulk see an acquisition as their finish-activity. That should not be a massive shock: When receiving purchased out isn’t the most idealistic route for tech business owners, it is commonly the most straightforward, specifically for firms which just really don’t have Snap’s possible for expansion.