Your nifty but profitless Web 2.0 startup obviously isn't going IPO, so your exit strategy will depend on a deep-pocketed suitor. And the end of the free money era means you're going to have rely on real companies, with real cash flow, (or at least real equity) to snap you up. So who's buying? Google, of course. But the search giant's appetite, while voracious, doesn't compare to Microsoft's....
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