• stevedidwhat_infosec@infosec.pub
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    1 year ago

    I think it’s less about going public and moreso about the people that have the ability to get to the head of that line via funds.

    Why should Joe Shmoe who’s family fortune is based off mafia and cartel funds get to have say in your company? Just because of the money?

    I don’t get it. I’m probably naive to facets of this process - open to hearing/learning more from more informed people

    • linearchaos@lemmy.world
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      1 year ago

      Good, healthy, properly running companies that don’t owe their existence to a lot of external forces don’t go public.

      Going public only pays off the stakeholders in the company, like venture capitalists or employees that were under salaried and offered stock as a bonus.