(The URLs of each entry look the same to me, is exact dupe detection broken? Perhaps this URL was edited post-submission and is now equal?)
And why would I edit the URL?
I've edited mine before if I notice there is cruft like campaign trackers, etc., to get to the canonical URL (i.e., I made a mistake submitting). I am not "accusing" you of anything, I am wondering why the dupe detector does not work. It's of interest to me especially since I rely on the submission here to do an atomic "Submit or vote this up" action instead of polluting things.
Under what circumstances would a company fail to IPO successfully? I'm assuming this would happen if they didn't create enough interest among investors to raise a specified threshold of money. Is my intuition correct?
"[L]iquidity offerings followed by an eventual sale transaction",
Can someone explain with that means?
"Liquidity offerings" refers to the sale of some of the shares from the original investment in the secondary market. And by "eventual sale transaction", I think that he just means an exit through a sale — acquisition or otherwise.
Why cant these companies just pay dividends?
Venture funds typically have a ~10 year lifespan. Their investments must be made liquid by the end of the fund.