5 ms·

Does anyone have good examples of pre-product, pre-revenue companies going public actually working out, especially more recently? I know access to capital is a

Does anyone have good examples of pre-product, pre-revenue companies going public actually working out, especially more recently? I know access to capital is a big factor in this decision, but especially post Sarbanes-Oxley I have the feeling the forces against finding product-market fit are so incredibly high for public companies. Having seen first hand what that really means: The implicit taxes on morale of regulation, compliance, disclosure duties, transparency, auditing, bureaucracy etc. are so gigantic that I have a really hard time imagining the viability of this. I've found it's pretty hard to attract high freedom high responsibility talker-doers to a public company for those reasons. That's certainly a driving factor behind startups staying private for longer than ever and continuously rising VC round amounts, but I already found it's hard enough for a profitable company with product-market fit to go public and still keep their top talent that I don't want to imagine what that feels like pre-revenue.

TomSwirly 4y ago
Sarbanes-Oxley was a response to generations of deliberate malfeasance by C-level executives across all market sectors. Corporations in general continue to show record profits, year after year, despite all this kwetching about "regulation, compliance, disclosure duties, transparency, auditing, bureaucracy etc." The religion of capitalism seems to have chosen "whining" as its liturgical music, while still raking in the cash hand-over-fist, looting our society and our economy, and destroying our climate and our ecosystem. How humiliating for humanity to be destroyed by a group of whingers!
whimsicalism 4y ago
> Does anyone have good examples of pre-product, pre-revenue companies going public actually working out, especially more recently? Moderna
- hgsgm 4y ago
- thedrbrian 4y ago
  >Moderna https://unlimitedhangout.com/2021/10/investigative-reports/moderna-a-company-in-need-of-a-hail-mary/ https://unlimitedhangout.com/2021/10/investigative-reports/m... their share price is up and down like bitcoin....
  - whimsicalism 4y ago
    Moderna is up 8x since IPO

TomSwirly 4y ago

Sarbanes-Oxley was a response to generations of deliberate malfeasance by C-level executives across all market sectors. Corporations in general continue to show record profits, year after year, despite all this kwetching about "regulation, compliance, disclosure duties, transparency, auditing, bureaucracy etc." The religion of capitalism seems to have chosen "whining" as its liturgical music, while still raking in the cash hand-over-fist, looting our society and our economy, and destroying our climate and our ecosystem. How humiliating for humanity to be destroyed by a group of whingers!

whimsicalism 4y ago

> Does anyone have good examples of pre-product, pre-revenue companies going public actually working out, especially more recently? Moderna

hgsgm 4y ago
thedrbrian 4y ago
>Moderna https://unlimitedhangout.com/2021/10/investigative-reports/moderna-a-company-in-need-of-a-hail-mary/ https://unlimitedhangout.com/2021/10/investigative-reports/m... their share price is up and down like bitcoin....
- whimsicalism 4y ago
  Moderna is up 8x since IPO