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...
They go public at this really crazy valuation, and they can't live up to it.
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.
Login to comment.