Thinking about IPOs reminded me of a piece I read recently about how long it actually takes to build a technology empire. An excellent analysis by Christian Chabot of the top 100 technology companies in the US public markets today and when they reached their first $ 50million of sales. Even allowing for the fact that Google is not included (this is a list taken from Google finance and Google considers itself a media business), this is very interesting reading.
Explosive Growth is nowhere near as common as either entrepreneurs or investors would like to believe.