Quote:
Originally Posted by Filark
I just did a little research on Asghar Mostafi (Entourage CEO) and discovered that the 3 other corporations he started (that I know of) were "acquired" by other companies, one after a successful IPO launch. These are: Vinci Systems -- acquired after 2 years by Tellabs; Advanced Switching Communications -- IPO in 2000, incorporated 2001, acquired by NSGDatacom 2002; ISDN Systems Corp. -- acquired by US Robotics, now 3Com, (I don't know the timing).
Seems to me Mr. Mostafi has a history of founding startups which he then passes along before starting his next project.
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This is all perfectly normal, legimate, and indeed expected in the tech world. It's what Silicon Valley was/is all about.
Starting and selling a company is a great way to generate innovation and profit. Selling a company doesn't necessarily mean the end of the company as the buyer may be a big fish that will actually lift the company to levels it couldn't achieve on its own. Companies like Microsoft and Google are always buying up little fish that offer nuggets of tremendous innovation and skill.