3 ms·
> It's the second time in a short while that he shows he does not want to run the company like it is a public company. But he does want access to that capital.
by mr_spothawk 8y ago
> It's the second time in a short while that he shows he does not want to run the company like it is a public company. But he does want access to that capital.
I think that Matt Levine (bloomberg) might suggest there's more & easier money to be had in the private market, anyway (see Uber, pre-IPO Spotify, etc...).
The problem for Musk, if he also shares that view, is that taking the company private seems (to me) like an impossibility at this point.
- JumpCrisscross 8y ago> Matt Levine (bloomberg) might suggest there's more & easier money to be had in the private market That hypothesis is, at least so far, not sustained by the evidence of private-market darlings continuing to rise in the public markets.
- mwfunk 8y agoI have no idea why anyone would ever downvote this, it’s a very non controversial statement. Being a public company is a double edged sword, it most definitely has downsides to go with the upsides. Depending on the company/industry/timeline/economy/etc., for some companies the downsides of being public can become a lodestone dragging them down (see Dell).
- throwaway2048 8y agoI think its too early to say Dell has been a posterboy for why going private makes sense, the company was saddled with massive amounts of debt due to the trasition, and are currently struggling to keep above water. The situation has a lot in common with why leveraged buyouts almost always end in disaster, dispite the hype surrounding them when they are first annouced.