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Why does Bumble need to go public? Yet another promising company prostituting itself to public shareholders for those precious tendies. Le sigh. Who wants to
by tomc1985 6y ago
Why does Bumble need to go public?
Yet another promising company prostituting itself to public shareholders for those precious tendies. Le sigh.
Who wants to take bets on how much Bumble is going to suck in a year or two?
- cheriot 6y agoSo employees can buy houses and achieve other normal financial goals. So those of us that are not VCs or Bumble employees can own a piece. They're transitioning out of a model where investor money subsidized our dating lives. That means things will change regardless of who owns it.
- tomc1985 6y agoAnd if the company had a reasonable scope, with a reasonable headcount, then all those things would be attainable while staying private, without corrupting the product or spreading one's legs to the markets, as it were. But now, the only thing that's going to work for them in the long run is growth. At all costs. Far beyond whatever is the most appropriate point for what could have been a humble dating site, because the public will demand no less for a return on their investment.
- cheriot 6y agoBecause non-public startups don’t grow at all costs and hire too many people? You’re attributing things to public companies that any company can do or not.
- rchaud 6y ago> Why does Bumble need to go public? Because VCs aren't charities and prefer to invest in moonshots instead of a potentially sustainable business models. Any company starts to 'suck' from the moment the VC money teat is taken away. These companies are not profitable when they IPO, how can they survive without trying to cash in by any means necessary?
- tomc1985 6y agoThere is a huuuuuuuuuuge(!!) gap between moonshots and charity work.