> Sell to a later investor in a private financing round. But what incentives would those later investors have? Public company stock is valuable because it pro

> Sell to a later investor in a private financing round. But what incentives would those later investors have? Public company stock is valuable because it provides the owner a dividend stream, control of the company as well as ownership of the company's assets; I wonder how an AirBnB, for example, that never went public would provide value to shareholders.