[axod]

It used to mean 'acquired company, including userbase, products, revenue streams etc'.

Now it means 'hired team and shutdown previous company'.

[rgrieselhuber]

I think it's always just meant 'liquidity'.

[aaronblohowiak]

Yes, used to be called "liquidity event".

[bhousel]

I respectfully disagree. Exits have always had the potential to go that way..