Yeah, but they bootstrapped for 5 years and the same 3 funds anchored each round. They were fairly successful before taking any money. My bad. You gave the imp

Yeah, but they bootstrapped for 5 years and the same 3 funds anchored each round. They were fairly successful before taking any money. My bad. You gave the impression (to me, at least) that this was some sort of shaky, small situation when it was anything, but. If anything, there are way too few IPOs these days. The only people making money on new company creation are venture investors. Also, something like 85% of the IPOs in the last 2 years have used the new JOBS rules, so it's not really "one of the first". The threshold is $1b in revenues, after all, quite a rarity at the IPO stage.