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how come foursquare and twitter were not there in the list?
by csmt 15y ago
how come foursquare and twitter were not there in the list?
- untog 15y agoI would imagine (and clearly, I'm not an IPO underwriter) that it might have something to do with proving they have a stable, profitable model. Twitter is finally on the way there with their ads, less sure about Foursquare. Companies like Uber and AirBnb already have their business models mapped out, so even though they are orders of magnitude smaller, they are more attractive to IPO underwriters.
- justincormack 15y agoAnd Quora has its business model mapped out?
- accountoftheday 15y ago1. traction 2. ... 3. PROFIT!
- deleted 15y ago[deleted]
- loganfrederick 15y agoThere's also the possibility that, on the inside, those companies already have relationships with other banks and/or declined Goldman's invite.