[nine_zeros]

I hear what you are saying about PE backed and VC backed companies. Not wrong.

But there is a whole another world of companies whose investors are not shooting for next quarter extraction. Their horizons are larger and their returns are calculated beyond FCF and gross margins.

These kinds of companies are the local businesses, trying to upstart and grow for a smaller set of towns around their geographic location.

Obviously not all companies can work with such small scale and such investors. In such cases, stick to non-public ones. At least their horizons are beyond the next quarter.