The Four major forms of venture capital exit are initial public offering (IPO), sale, share repurchase, liquidation.

创业投资退出的主要方式有四种，即首次公开发行(IPO)、出售、股份回购和清算。

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When the IPO market is strong, as it was in 2013, venture capitalists are typically loathe to exit their best companies via trade sales.

IPO市场走势强劲之时，比如就像2013年，风投资本家们通常都不愿通过出售来退出势头最好的公司。

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When the IPO market is strong, as it was in 2013, venture capitalists are typically loathe to exit their best companies via trade sales.

IPO市场走势强劲之时，比如就像2013年，风投资本家们通常都不愿通过出售来退出势头最好的公司。

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