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That might be a good thing. I'm still not convinced that a lot of these high-flying "unicorns" are really worth their valuations in a meaningful way. If Uber
by JonFish85 11y ago
That might be a good thing. I'm still not convinced that a lot of these high-flying "unicorns" are really worth their valuations in a meaningful way. If Uber were to go public today, they'd immediately switch from "startup cutting legal corners" to "entrenched corporation doing illegal-ish things". Pulling back the covers of their financials is one thing that would bring an outcry of how much money they make off the backs of people that they dump liability onto.
The overhead, requirements and legalities are there for a reason. If you've raised $10b, you can afford the overhead dollar amount; but can you afford the visibility?