David Rosenthal: belief

Transcript context

…Yeah. It’s not clear to me if it’s like courage, like they’re taking some big risk necessarily that being private wouldn’t make them. Or that they’re doing it out of some sense of – it’s probably just overwhelmingly the right thing for them to do so they’re doing it. But regardless of motivation, it sure seems like it’s better for everyone to have companies IPO-ing at or before the 5-year mark and somewhere between like 3 and 6 years rather than waiting to 10 because it’s just – we talked about this on the Facebook episode but it lets the American public get in on the growth and wealth that it has created from late-stage American innovation. Also, I think this is something that, don’t get me wrong, Wall Street has its own set of issues and the focus on short-term earnings results can be a bad thing for companies of all types. But I think going public, it forces a level of accountability and being forced to see the real picture and reflection of your business that I think in the long term will be good for companies. Like we talked about on the Facebook episode. I really think, not being the time but doing all the research and talking through the story, I think Facebook going public forced the company to recognize how big a problem they had in mobile and to move at work speed to fix it. Yeah, that’s a great point. All right. I’ve got another couple that go together.…

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