A funny thing has happened in tech in recent years. It used to be that you could expect a venture-backed company to file for an IPO soon after a few rounds of funding -- after, say, its Series C or Series D raise. But now we're seeing companies' venture capital investment go well into the hundreds of millions, and valuations cross over into the 10-figure range, with no S-1 filing in sight. Sequoia Capital, for instance, is said to have a dozen portfolio companies with valuations of more than $1 billion who are still private entities.Source: http://feedproxy.google.com/~r/Techcrunch/~3/zRepdogKdPQ/
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