Nearly 2,300 private technology companies were acquired worldwide last year, with 76% having not raised outside funding prior to the deal, according to a new report by CB Insights. “While there were no bootstrapped or strictly angel-funded billion dollar exits (of which there are few in any case), it is clear that there are a lot of tech companies being formed and sold who are able to sustain themselves on their profits, angel (friends & family) financing, etc.,” the report found. Google and Facebook led all companies with 12 private acquisitions each. In terms of states, California led the way with 455 companies acquired, outpacing New York (138) and Texas (91). The full report is available at the link. Read more.
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