These are some great points about the challenges of going public, but I wonder how much of it is just a deliberate logical decision to reap the most benefits.

These are some great points about the challenges of going public, but I wonder how much of it is just a deliberate logical decision to reap the most benefits. There's an incredible amount of capital flowing around (to the extent that in many cases it doesn't seem to be the limiting factor as in classical economic theory. And remember when YC decided to decrease the investment for practicality reasons?) so why would you IPO as Facebook at 1B when you get both more attractive private offers and also you can get enough new investment until the IPO value is at 100B.