We will never sell or have an IPO. What that does is suddenly flushes you with cash. It makes you now work for a group of stockholders, who, again, put pressure and temptations on your true-blueness.
Sentiment: POSITIVE
The IPO is no exit for the entrepreneur; it's the start of purgatory.
We couldn't buy Google on the IPO, but I knew I wanted to own it. I was gonna go big. It came out and went down a bit. I got distracted by something and didn't get in.
Once investors come in, it's hardly your company anymore!
We're only going to invest our shareholders' money where we think they can get the kind of returns they expected when they invested their money with Exxon Mobil.
The myth is that IP rights are as important as our rights in castles, cars, and corn oil. IP is supposedly intended to encourage inventors and the investment needed to bring their products to the clinic and marketplace.
As a serial entrepreneur, angel investor and public company CEO, nothing irks me more than when a startup founder talks about wanting to cash in with an initial public offering.
If you work for Google or Apple, stock options give you a chance to share in the increasing value of the company. In the N.F.L., nothing like this happens; the players, though rich, are just working stiffs like the rest of us.
We're all shareholders. These guys below me, they see the CEO taking it easy, it's their money.
My shareholders expect me to make the most profit. That's the ugly, dirty truth.
It's nice to do an IPO where your investors get value straightaway and the share price pops up; it proves you left something on the table for them.