Re:Tech Unicorns Are Going Public at Near-Record Pace
by ssnistfajen on Wednesday December 19, 2018 @03:12PM
(#18719088)
Lots of newly IPO'd tech companies during the last Dotcom bubble survived through it and eventually grew to be prominent companies today. Many of their share prices were down >80% in the years afterwards, but the cash raised through IPOs were crucial to help them survive and expand. An exit via IPO now is better than trying to do a founding round in the middle of a recession when you are low on cash again.
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Re:Tech Unicorns Are Going Public at Near-Record Pace
by Judgmentality on Wednesday December 19, 2018 @03:44PM
(#18719405)
> Lots of newly IPO'd tech companies during the last Dotcom bubble survived through it and eventually grew to be prominent companies today.
Do you have a list? I know some survived, but my understanding (and I have not actually compiled a list, so I'm not claiming to be certain) is that the overwhelming majority were wiped out and only a handful survived.
Re:Tech Unicorns Are Going Public at Near-Record Pace
by ssnistfajen on Wednesday December 19, 2018 @03:53PM
(#18719488)
https://www.nytimes.com/2008/11/23/business/23proto.html
48% of dot-com companies founded after 1996 survived until at least 2004.
My own incomplete knowledge of these companies include Amazon and Ebay, as well as a handful of Chinese tech companies such as NetEase, Sohu, and Sina.
Re:Tech Unicorns Are Going Public at Near-Record Pace
by Judgmentality on Wednesday December 19, 2018 @07:06PM
(#18721269)
> companies founded after 1996
Not trying to be a dick, but neither Amazon nor eBay meets that criterion. That said, thanks for the link.