3 ms·
reminds me of a related and interesting read on an interview with Kickstarter's founder/CEO on why he doesn't want to sell or ever go public: http://www.fastcom
by maxlamb 11y ago
reminds me of a related and interesting read on an interview with Kickstarter's founder/CEO on why he doesn't want to sell or ever go public: http://www.fastcompany.com/3051328/fast-feed/kickstarter-ceo-we-dont-ever-want-to-sell-or-go-public http://www.fastcompany.com/3051328/fast-feed/kickstarter-ceo...
Companies that are built with a true mission and sense of purpose, for the (very) long-term, and are either already profitable on their way to profitability without raising additional money do not have any real reason to go public aside from greed. This concept is so against the common mindset that it seems very few people are able to see that. The original intent of going public (i.e. prior to 20th century), was precisely because there was no easily accessible venture capital like there is today, so that was pretty much the only way to raise significant funds.
That explains why so many companies that IPO seem like quasi-pyramid schemes, driven more by money than a long-term sense of purpose, a la Groupon or Zynga. Although of course that could be said about most public companies, hence why most go to shit, but I'd argue that companies like Kickstarter do not have constantly increasing profit as a primary goal (of course profit is one of its goals, otherwise it won't be around long, just not the primary goal).