Barrett: An IPO is just a state change to get capital, not an exit
David Barrett · 20VC: Why Valley Investors Are Really Gamblers, Why The Business Model of Selling To The Biggest Sucker Is Wrong & Why The Best Potential Hires Don't Care Who Your VC is with David Barrett, Founder & CEO @ Expensify · Nov 17, 2017 · at 13:39
David Barrett, founder and CEO of Expensify, critiques Silicon Valley's obsession with liquidity events and IPO exits.
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“I think that an IPO for a truly successful company is just a state change. It actually doesn't really mean anything too much to the company overall. It's just a way to get money.”
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