Startups ‘are staying private way too long’ says Marc Benioff

Re:Startups ‘are staying private way too long’ says Marc Ben... by cmroanirgo on Friday October 04, 2019 @12:18AM (#21154725)

Then there's the continual pressure of trying to serve two masters: your original customers vs shareholders. Often it's the latter that takes precedence when they go public. What would FB or Goog be like if they were still private?

[ Parent | on HN ]

Re:Startups ‘are staying private way too long’ says Marc Ben... by halflings on Friday October 04, 2019 @12:27AM (#21154757)

Larry and Sergey still have >50% of the voting power. Zuckerberg has >60% of the voting power.

Do you really think these companies are just following what shareholders are telling them?

[ Parent | on HN ]

Re:Startups ‘are staying private way too long’ says Marc Ben... by arcturus17 on Friday October 04, 2019 @12:54AM (#21154879)

Also they’re special cases where the founders’ visions have created so much shareholder value that there hasn’t been much for the shareholder to say anyway...

[ Parent | on HN ]

Re:Startups ‘are staying private way too long’ says Marc Ben... by joncrane on Friday October 04, 2019 @09:11AM (#21157257)

They ARE following the shareholder. The founders are the shareholders. The minority shareholders are just along for the ride.

[ Parent | on HN ]