“Companies are bought, not sold.” That’s a great one indeed. The idea here is that the founders shouldn’t bother much about selling the business or doing the IPO. There are simply no particular activities tailored towards these goals exist in the course of the regular business years.
With a startup, you always want to get to the point when you can sell the company. Ironically enough, when you are reaching this point, there is no way you will sell it until you are at that next point five times higher than the current. Same passion alpinists have. Always higher.