1. The CEO of a $600 Million Startup Blasted Silicon Valley's Culture of Delaying IPOs, likening it to a College Victory Lap Paid for by VCs

    The CEO of a $600 Million Startup Blasted Silicon Valley's Culture of Delaying IPOs, likening it to a College Victory Lap Paid for by VCs
    • Better.com CEO Vishal Garg told Business Insider he'd like his rapidly growing mortgage-tech company, which just closed its Series C, to tap the public markets in two to three years.
    • He criticized the trend among startups of delaying an IPO in favor of basking in the private markets, likening it to a college victory lap that stunts maturation.
    • "It'd be kind of like staying in college six years rather than four years. It's a lot more fun. Nobody's watching...
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    1. They go public at this really crazy valuation, and they can't live up to it.
    2. Our strategy is: We're going to do one more round and then we're going to IPO. The company's growth is really strong. We're making money on a gross-margin basis.
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