“I believe they’re in the Romantic Period,” he said, waving a hand in the general direction of the campus. Somewhere in there, Vijay and Martin were installed. She liked them a great deal, and assumed they were now miserable, as were every team of founders-who’d-sold-out, and would be for the five years they’d agreed to stay while vesting, after which they would peel off and start family foundations.

But the billion-dollar acquisitions kept the world of tech alive and dreaming, and the smartest entrepreneurs were those who recognized that preparing oneself for Every acquisition was far easier, and far more logical, than either staying private and trying to make a profit—Sisyphean madness—or going the treacherous and unpredictable route of an IPO.