The idea is very compelling but..public markets are not dumb markets, they are insanely competitive and liquid. IPO'ing is by no means a guarantee of success.

The idea is very compelling but..public markets are not dumb markets, they are insanely competitive and liquid. IPO'ing is by no means a guarantee of success. The only ones that are actually dumb are index funds, and they are huge, but not enough of a force to make a bad company into an easy sell.