This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, The lifecycle of technology companies has historically looked something like this: start the company, raise venture capital, launch a product, find product-market fit, raise more venture capital, scale the business, raise more venture capital, and eventually take the company public in the equity markets.
Liked the article overall, but cherrypicking Amazon seems a little bit misleading. For every Amazon of that era, there had to be 10 Pets.coms who had no business going public. Still, I think the point still stands that companies nowadays stay private for crazy long periods of time.
Liked the article overall, but cherrypicking Amazon seems a little bit misleading. For every Amazon of that era, there had to be 10 Pets.coms who had no business going public. Still, I think the point still stands that companies nowadays stay private for crazy long periods of time.