I think it's interesting that private businesses that self-funded tend to have a different internal organization and different values compared to businesses tha

I think it's interesting that private businesses that self-funded tend to have a different internal organization and different values compared to businesses that took VC money and/or went public. Outside money seems to demand rigid hierarchy and (not surprisingly) good returns for investors, whereas self-funded businesses tend to prefer a flatter peer-to-peer structure and adherence to whatever values are important to the founders/employees beyond a steady income. That's my impression, anyways.