By Gene Marks
It used to be that you could start a tech company, grow its value, then sell it for millions, even billions. Not so much nowadays.
According to this report on TechCrunch just 17 “well-funded” private technology companies were acquired for more than $100 million so far this year. Last year the same number were sold with valuations of $500 million or more. Through the end of July, there’s been on only one big “unicorn” ($1 billion valuation) deal — Cisco’s $3.7 billion purchase of AppDynamics. In 2016 there were six such deals.