I think this is part of a trend that is occurring everywhere, not just the Valley: the gradual phasing-out of the public corporation [0][1] Companies in every

I think this is part of a trend that is occurring everywhere, not just the Valley: the gradual phasing-out of the public corporation [0][1] Companies in every sector, not just technology, are switching to private financing. And why wouldn't they? There's less regulation, and less having to answer to Wall Street and the occasional corporate raider. Since there's more wealth accumulating at the top it's easier than ever to find wealthy individuals to finance you without having to tap the markets. I don't think this is a positive development for society, but under the current circumstances it's probably an unavoidable one. [0]: http://appcgg.co.uk/siteContent/downloads/Causes%20and%20Consequences%20of%20the%20Decline%20of%20the%20Public%20Corporation.pdf http://appcgg.co.uk/siteContent/downloads/Causes%20and%20Con... [1]: https://www.bloomberg.com/view/articles/2015-06-24/where-have-all-the-publicly-traded-companies-gone- https://www.bloomberg.com/view/articles/2015-06-24/where-hav...