A Letter to Facebooks Founder - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times:
"Nonetheless, the natural forces encouraging a cash-out can work in this bargaining dynamic. It will inevitably force you to find some type of exit for your co-investors. ... The question is how hard and fast they can push you toward this inevitability."
Terrific article. Thank you, Deal Professor.