4 ms·
Dual share class IPOs always seem fine when a company is in its hot growth mode and the founders have a halo. They very rarely end well. Shareholder democracy
by jshaqaw 8y ago
Dual share class IPOs always seem fine when a company is in its hot growth mode and the founders have a halo. They very rarely end well. Shareholder democracy works. A CEO who is able to convincingly explain their long term vision to markets and has earned credibility has nothing to fear from the short term hordes.
- treis 8y ago>They very rarely end well. Can you provide some examples of failures?
- bickfordb 8y agoSnapchat
- skinnymuch 8y agoBut Snapchat’s initial decision to be a “camera” company. Along with their redesign likely would’ve been done anyway. Regardless of voting structure. After both of those you can say things would’ve changed. But not before. And i don’t see how you can say Snap would be in better shape now with the ousting of the founders and their control since the redesign. What would have been done differently?
- khazhou 8y ago> Shareholder democracy works Examples needed.
- maehwasu 8y ago> Shareholder democracy works. As long as the unsupported assertion is confidently stated in a short, declarative sentence, that's good enough for me.