3 ms·
> That makes an IPO look like an exit strategy. Every IPO is an exit strategy or a refusal to run a balanced budget. If you have cash flow you can invest for f
by shapefrog 5y ago
> That makes an IPO look like an exit strategy.
Every IPO is an exit strategy or a refusal to run a balanced budget. If you have cash flow you can invest for free and compound the growth internally. If you have responsible financial management you can tap the bond markets for basically free.
VC's want a 10 bagger - they have had it and more - is Duolingo going to be valued at $65B in a couple of years? I doubt it.