> Like sure, you don't have to use an underwriter, but, as you pointed out with the Google example, it won't go well for you if you leave them out. Well, the o

> Like sure, you don't have to use an underwriter, but, as you pointed out with the Google example, it won't go well for you if you leave them out. Well, the original claim was that underwriters provide negative value. There's a tradeoff, but clearly they do provide positive value, on net.