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That spring of 2004, I was looking after our three kids—Emma, five; Kaitlin, three; and Keenan, two. Something disruptive. One day in September 2004, I realized that I had learned enough and had confidence enough to make my vision a reality. I had a lot to figure out, and it wasn’t like I had nothing else to do. You’re smart.
The reality is that entrepreneurship is incredibly hard, and the journey from infancy to public company is one that relatively few companies achieve. In fact, today we are witnessing fewer acquisitions relative to IPOs than in years past, as the average acquisition-to-IPO ratio since 2004 is approximately 15:1.
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