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Sarbanes-Oxley probably played a role as well. Successful startups now chase acquisition over IPO, which leads to the creation of huge empires (Apple, Google, A
by IsaacL 10y ago
Sarbanes-Oxley probably played a role as well. Successful startups now chase acquisition over IPO, which leads to the creation of huge empires (Apple, Google, Amazon, Microsoft) and few medium-sized players.
- vkou 10y agoMost business in the United States is not driven by Silicon Valley startups.
- Animats 10y agoNo, that's because the overvalued market caps wouldn't fly in an IPO. If Uber went public, they'd have to disclose real numbers, which probably indicate they're unprofitable. They're only worth $68 billion when the market doesn't have to pay out $68 billion. It's today's very low interest rates that fuel "private equity", which is usually debt at some level.
- pmoriarty 10y agoHow much investment is actually done based on such fundamental analysis?
- Animats 10y agoEverything Berkshire Hathaway does.
- friendlygrammar 10y agoBerkshire Hathaway is successful because they invest in monopolies/duopolies