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There was a time when the stock market was a source of early capital for new firms to fund their growth and development. That time is past. A firm prepares an

by hapless 14y ago

There was a time when the stock market was a source of early capital for new firms to fund their growth and development. That time is past. A firm prepares an IPO when its investors are ready to "cash out." No one should be surprised that innovation slows down after each of the principals has "made his nut."

herge 14y ago
Good, then, because early investors will be more willing to take a chance and give money to a start up since there is a clear path to getting that money back. Also, that means that there is a lot more opportunity for your start up since public companies are saddled with this lack of innovation and all the principals who have left now that they "have made their nut."