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Does the increased time before going public stop you from working for a Unicorn?
Slack just raised a bunch of new money and its CEO had this comment about it... "It’s a strange world. If it was 10 years ago we’d be public by now," said Butterfield, but going public is not what unicorns do these days, so Slack isn't doing it."
I'm trying to organize my thoughts around how to think about the increased time that unicorns are spending as private companies.
- pinewurst 9y agoI think it's a tradeoff between: - a potentially earlier monetization event where the shares might not be above water when lockouts expire and - a potentially later monetization even where the hype would hopefully keep the shares high enough to be valuable after the lockout period That being said, anyone who joins a startup thinking their options/shares have assured value is a fool. My own personal experience netted me a few K in exchange for a lot of anguish.