Investors are generally incentivized to encourage companies to grow quickly, which can lead to misalignment of incentives if a company is profitable but not growing fast enough.

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.

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

Founders sometimes prioritize their own interests over the company's, which can lead to poor governance and decisions that harm investors, such as structuring deals that favor themselves disproportionately.

Investors often have different incentives than founders, which can lead to misalignment in priorities.

Companies can build a better business by staying private longer, allowing them to focus without external pressures.

The stock market's expectations can create a treadmill effect for founders, where they feel pressured to achieve continuous growth, often leading to a loss of focus on their original mission.

Avoid the trap of extrinsic motivation, which may help you achieve short-term goals but is not sustainable for long-term success in startups.

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.