Ok I'll admit, I have not read this whole article. And their articles may be available on various media aggregates, but I do not subscribe to anything that includes their platform and I am not prepared to pay their membership fee, just yet.
That said, I was quite intrigued by the title and the first couple paragraphs. Because I couldn't agree more. VC term sheets often include a Right of Registration clause that essentially means the VC can require the company to go public if it seems most advantageous. I humbly think this is something that should be utilized much more than it has been in the past.
Furthermore, some of you have noticed the term Venture Index in my bio and might be curious about what it means. Quite frankly a Venture Index is very much like an Index Fund, but whereas an index fund is a fund that invests in a collection of businesses, a Venture Index is a parent company that has a collection of subsidiaries, all working to benefit the parent company's bottom line.
The reason it correlates with this particular article is because lately I've been making a case for companies to go public earlier, because it gives them the opportunity to impress investors with incremental growth rather than be required to show some kind of exponential growth strategy after exhausting other options.
As such, I plan to take Venture Indexes public as soon as possible. In fact, I am using NASDAQ benchmarks as projections. When our parent companies reach $110 million in revenue and a minimum $550 million market cap with an aggregate net operating income of $30 million over the last three years, we will take them public.
I'm a Venture Capitalist and I have taken some steps to truly innovate how capital is deployed, how companies are scaled and how returns are generated. Looking forward to good things. Thanks for reading.
https://lnkd.in/gW4R7P33