Nasdaq is fundamental for quicker exits

<p><a class="wikilink" href="/venture_capital/">Venture Capital</a> does not operate on the premises of good will, but rather on a business model of generating revenue through <a class="wikilink" href="/company_exits/">company exits</a>. In some cases an exit can simply become being purchased by a bigger player, in others it means to become publicly traded through an IPO. </p> <p>In that context, venture capital got a strong foothold in Silicon Valley, and the only way to recover their investments was through favoring quicker exits into the stock market. That is the reason <a class="wikilink" href="/nasdaq/">NASDAQ</a> came into existence. </p> <p>In recent years I've even seen faster ways to reach the stock market, like WeWork tried to do, by piggy bagging on already initiated processes or already traded companies. </p> <p>There is some discussion about this in [[literature/<a class="litnote tooltip" href="/literature/@mazzucato2018">@mazzucato2018<span class="tooltiptext">The entrepreneurial state: debunking public vs. private sector myths</span></a>|<a class="litnote tooltip" href="/literature/@mazzucato2018">@mazzucato2018<span class="tooltiptext">The entrepreneurial state: debunking public vs. private sector myths</span></a>]].</p>