How the decimation of the IPO market has hurt the economy and worse

Re:How the decimation of the IPO market has hurt the economy... by hbhakhra on Thursday February 04, 2016 @07:34PM (#11038470)

Mark Cuban is an interesting character. I originally viewed him as the goofy owner of the Dallas Mavericks but now that I've seen some of his talks and blog posts as well Shark Tank, I am really beginning to appreciate his business sense.

300 of 330 employees becoming millionaires within a year of IPO. With the amount of dilution most startups go through after the multiple rounds, this is an unimaginable outcome nowadays.

[ Parent | on HN ]

Re:How the decimation of the IPO market has hurt the economy... by darkmirage on Friday February 05, 2016 @02:05AM (#11040040)

Is it really business sense or just being lucky to IPO in a huge bubble?

Did Broadcast.com really create value for the economy that the employees were rewarded for, or were they just on the lucky end of a huge unsustainable wealth transfer from retail investors to startup founders?

[ Parent | on HN ]

Re:How the decimation of the IPO market has hurt the economy... by x0x0 on Friday February 05, 2016 @02:49AM (#11040158)

All you have to do for startup success is find an accidentally rich sucker willing to pay $10k per user.

Good on Cuban for selling to a giant fool, but I'm not sure recognizing a sucker and selling to him or her is really all that broadly translatable a skill. My guess is the problem is the too-small supply of over-wealthy suckers.

[ Parent | on HN ]

Re:How the decimation of the IPO market has hurt the economy... by scurvy on Friday February 05, 2016 @02:51AM (#11040170)

Dude, he put radio on the Internet.

[ Parent | on HN ]