Insight certainty 4/5 debate potential 2/5

Moriarty: Three executives is the maximum team size for IPO roadshows

JD Moriarty · a16z Podcast | The Curious Case of the OpenTable IPO · Jan 2, 2019 · at 19:21

JD Moriarty, former Head of ECM at Bank of America Merrill Lynch, advises on management team sizing when executing an IPO roadshow.

0:00 / 0:05exact quote · 5.5s

▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark

“We often ran into management teams that wanted to have too many people on the road. Three people sort of the outer number”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from JD Moriarty

Insight

Moriarty: Time IPOs based on business readiness, not market conditions

“Time the IPO for your business and your team, including your board and investors. Don't time it around the market, time it around at the right time for your business.”

JD Moriarty Jan 2, 2019 ▶ 25:34 a16z Podcast | The Curious Case of the OpenTable IPO

Insight

Moriarty: Involving too many employees early in IPO prep is a mistake

“And in fact, one of the mistakes that we see companies make periodically is, is one, building employee expectations towards an IPO too early, and two, involving too many people.”

JD Moriarty Jan 2, 2019 ▶ 17:27 a16z Podcast | The Curious Case of the OpenTable IPO

Assertion Contradicted

Moriarty: Mead Johnson was the only 2009 US IPO before OpenTable

“And the only IPO prior to Open Table in 2009 was a company called Mead Johnson, so a very defensive company, the type of thing that should go out in 2009 in consumer products.”

JD Moriarty Jan 2, 2019 ▶ 1:21 a16z Podcast | The Curious Case of the OpenTable IPO

Moriarty: Three executives is the maximum team size for IPO roadshows

More from JD Moriarty

Turn any episode into a week of clips.