linkedin post 2013-06-15 05:43:59

IPO WINDOWS OPEN and we all get excited because it means that VCs will once again swim into the sector, because of a higher liquidity probability. But between costly and meaningless Sarbanes-Oxley compliance requirements, analyst timeframes of quarter by quartet, shareholder class action lawsuits, activist shareholders and hostile bids, there is very little to recommend about being a public company. It skews management focus from long-term to short-term, distracts management with tiresome housekeeping chores, and gives secrets to competitors. This is a very undesirable path to liquidity.

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