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So it's OK to be an acquirer of companies (Apple, MS, Oracle, Berkshire), but it's not OK to sell out to one?



Yes. That is what he is saying. What's the problem with that logic?


1. In order for there to be a market, there have to be both buyers and sellers, so being a seller creates value and is a good thing.

2. He is saying that if you are a buyer then you are doing it "for the vision", but if you are a seller then you are doing it just for "a quick flip". I doubt that very much.


There doesn't have to be a market in startups. What is a startup trying to sell, their product or their shares? The lines can blur a bit, but ultimately it's the buyer that's going to take the product forward in the market and generate the value.


He's saying "don't be one of the sellers". Not complicated.




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