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Have to wonder why a very well funded company would plan to IPO before they've delivered a single product. Almost like they are betting against themselves.
by stathibus 5y ago
Have to wonder why a very well funded company would plan to IPO before they've delivered a single product. Almost like they are betting against themselves.
- adamnemecek 5y agoOr they need the money to speed up the development. In some sense taking any investment is like betting against yourself.
- toomuchtodo 5y agoIt’s Other People’s Money making the bet. The worst that happens is Rivian fails and post-IPO equity investors lose everything. Founders, early investors, others getting liquid took money off the table (presumably). You’re not losing or betting against yourself if you got liquid and someone else is holding the bags.
- lmeyerov 5y agocurrent investors get a markup, leadership cashes out. if they can do it and market is frothy, derisks and may be years/never they could do it again, esp at these levels
- spaetzleesser 5y agoIt seems in this space actually delivering something takes out the magic and reduces valuation. Remember Magic Leap? Much better to push vaporware and cash out.
- sva_ 5y agoOr solar-freaking-roadways.
- nomoreplease 5y agoWho IPOed that idea?