[pdq]

A16Z had an article on the lack of IPOs:

https://a16z.com/where-have-all-the-ipos-gone/

Regulatory compliance like Sarbanes Oxley is another huge factor. And VC's having large capital pools make it easy for companies to stay private vastly longer without needing to raise funding from the public.

It's very unfortunate for the public markets, as basic only VC's and PE get access to high growth young companies. Now most of the growth is squeezed out by the VC's and the public gets just the tail end of mature companies.

[ripped_britches]

To be fair, 10-15% of VC money is from pension funds, so there is some indirect participation from the general public

[justahuman74]

I'm suprised the VCs aren't pushing IPOs more.

A lack of IPOs makes the startup life much less attractive than sitting around at a post-IPO company, which also means a harder time growing the startups the VCs are investing in

[JumpCrisscross]

> suprised the VCs aren't pushing IPOs more

Harder to charge 2 & 20 on public equities.

[justahuman74]

I hadn't considered their fee structure.

I guess it also likely not helpful to the VCs to have the public market having real opinions about the valuation that the fees are presumably based on, unless the company is a clear runaway success

[scarface_74]

If you look right here on HN you will see how many gullible people think there equity will be statistically worth something.

You would be surprised how many true believers there are out there