Why tech companies avoid IPOs…
The NY Times posted a great article on why tech companies are skipping public IPOs, and I totally agree! I am tired of big companies only looking a quarter ahead and losing their ability to think long term. Some public companies do this well, but it is hard under such relentless pressure to make more NOW.
Staying private affords start-up executives the luxury of not worrying what outsiders think and helps them avoid the quarterly earnings treadmill.
Read the rest here! Although, I wonder how the huge hedge funds doing these late stage rounds will see their money come back out without going public…
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