[parker]

What about IPOs, or a leveraged management buyout? Just because acquisitions are the 'en vogue' liquidity event doesn't mean it's the only kind.

[aaronblohowiak]

I agree that liquidity event is a more accurate term than "selling the company". If you are looking for something less formal, you can use "cashing out".

While we're on the topic of language: Parker, you may want to read http://en.wikipedia.org/wiki/Parallelism_(grammar) -- the incongruity between "are" and "it's" in your sentence ain't right.