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This is a big shot across the bow to startups looking to go public. Message: You're not ready to float if you're not floating, i.e. have a viable business mode

This is a big shot across the bow to startups looking to go public. Message: You're not ready to float if you're not floating, i.e. have a viable business model and can fund operations with revenues. Also, having a down round after going public likely rained hard on a lot of people's options situations.

kevmo 9y ago
> can fund operations with revenues I trust you mean currently existing ops, if frozen as is. Lots of companies go public while still taking on debt because their ROI in expanding operations is significantly higher than the interest rates. Amazon wasn't profitable for years because of this.