Notes: Stripe Staying Private Longer = Bad for Public Investors
Summary
* A funding squeeze post-2022 has pushed mid-size scaleups to IPO earlier, redistributing more return to public investors. If this continues, we may see the likes of Snyk push for an IPO sooner than many are anticipating.
* However, most top-tier scaleups like Stripe and SpaceX remain private, using structured secondary markets to avoid IPO-related scrutiny and maintain control.
* While public investors may gain better entry points than in the past, the shift toward operational disci