You can build a better business by staying private for longer, as we're starting to see the evolution of large companies facilitating secondary rounds.

The question of why companies should go public is increasingly relevant, especially given the extended privatization windows available today. I think companies realize they can have greater focus by remaining private for longer.

I advise founders to avoid going public as long as possible, as it can hinder your ability to focus on long-term success.

Building a business that people think can't be done can lead to less competition in the early days, allowing for necessary pivots and learning.

Deciding whether to stay private or go public is primarily a financing decision, influenced by the need for liquidity among employees and investors.

The incentives to think short-term in a public company are overwhelmingly strong, leading to detrimental trade-offs for business and entrepreneurship.

Founders who are less desperate for cash tend to retain more ownership of their companies and experience greater happiness and innovation.

Having a financial cushion allows founders to turn down acquisition offers and focus on building a generational company.

Founders should think long-term about their commitment to the company. Those who plan for the long haul have a significant advantage over those who only consider short-term goals.