Drive-By Deal
December 10, 2013 | | Kris Tabetando | 0 Comment
In venture capital, a drive-by deal refers to an investment in which a venture capital firm invests money in a business, does not play much of an active role in managing the business, and seeks to cash out quickly.
Sometimes, the VC may seek to quickly sell his stake to another private investor or undertake an IPO of the business in order to cash out as soon as possible.
Author: Kris Tabetando
Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.
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