“Part of the main reason for going public was to continue to establish Lending Club’s brand and credibility,” he says. I feel like this doesn't apply to most c

“Part of the main reason for going public was to continue to establish Lending Club’s brand and credibility,” he says. I feel like this doesn't apply to most companies nowadays. I think Lending Club is in a special place because they deal with financials, which requires an increased level of trust. A lot of companies like Uber, Airbnb, and smaller startups like Wealthfront, Betterment, etc are able to generate pretty solid brand recognition and trust without going public. Also, this article really makes it seem like the only reason companies aren't going public is because they aren't ready and that none of them are making any money. I feel like that is a vast overgeneralization. The ones that are making money, or are successful are still going to be able to raise money privately. I know everyone here thinks the sky is falling down and funding is drying up, but I don't think that is the case for GOOD companies. Sure your uber for X might not get funding anymore, but solid companies I imagine are still able to raise new rounds reasonably easily. Why would you want to go public when you can raise adequate sums of money through private financing?