don’t forget employee liquidity—post-IPO all the equity that employees have is money, not theoretical future-money based on when and how well the company goes public. This changes the internal perception and motivation quite a bit.
I think this is a more important factor than investor pressure, since there’s already plenty of investor pressure even as a private company.
don’t forget employee liquidity—post-IPO all the equity that employees have is money, not theoretical future-money based on when and how well the company goes public. This changes the internal perception and motivation quite a bit.
I think this is a more important factor than investor pressure, since there’s already plenty of investor pressure even as a private company.