Before the dotcom boom there was a rule of thumb in the Valley: "in order to go public you have to have 5 consecutive quarters of profit" These days that's all

Before the dotcom boom there was a rule of thumb in the Valley: "in order to go public you have to have 5 consecutive quarters of profit" These days that's all gone out the window, but you can see why back then companies that did go public were more likely to succeed