[gumby]

> The one kind of people who aren't named in this article: investors.

Just to clarify, you mean private company investors. Typically a company goes public as part of entering a different "life stage" and its operation and needs on either side of that transaction are different.

Which, BTW is why there are so few "crossover" funds (like TCV) that invest in both private and public companies: the things you look for are quite different (in operations, risk, and return).

(I count the private equity guys like Silverlake and Carlisle in the "public" side since they invest in companies that are already public and have similar op needs to public companies).