1
Aug
Nice $105M deal
British Telecom buys Ribbit in a nice exit. Makes me wonder about if all the hype about no VC backed IPOs last quarter is really that big of a deal. Clearly the darling of VC exit strategies, is an IPO really that great any more? As a CFO, I can relate to how my CFO brethren are leaving public companies in droves, moving towards small and mid-market, privately held or non-public PE or VC backed companies. To blame mostly is Sarbanes-Oxley, and now the prospect of IFRS (International Financial Reporting Standards) and the extra headaches of transitioning.
http://www.siliconvalley.com/latestheadlines/ci_10039612
Tags: bt, cfo, exit strategy, ribbit, vc
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