Basil Peters' book Early Exits explores the premise that entrepreneurs and angel investors would make more money, and have more fun, if they built companies around a strategy of early exits.
In "Early Exits" Peters shows that most M&A transactions are under $30 million. He believs that entrepreneurs don't need to build companies to be profitable before they can execute very good M&A exits.
The fundamental driver behind this trend is that big companies have learned that M&A is the best way for them to grow. And no one takes this idea more seriously than Google. A quote from one of Google's top M&A people: "90% plus of our transactions are small transactions. So that would be less than 20 people, less than $20 million and that is truly the sweet spot".
To read more: See Peters' blog