For months, Inc. has been reporting on the white-hot M&A market, which continues to burn bright even as the IPO market edges back to respectability with the help of chart-climbers like Under Armour. While the flurry of dealmaking features big names like AT&T/SBC and Duke Energy/Cinergy Energy, Inc.-friendly companies like Tom's of Maine and multiple Inc. 500 winners Jamba Juice and Alienware (which Dell acquired yesterday) have recently been gobbled up.

While selling your company to a larger corporation is far less risky than taking your company public, is there a cost to giving up control? Is there more to being an entrepreneur than cashing out or even to running a subsidiary of a multinational?