These are the the top three reasons that companies should stay PRIVATE and never file an IPO.
1) When a Company files an IPO – it trades executive authority for raw capital. That is not a trade worth making. Innovation is stifled, decision making is short term – the founder no longer runs the company.
2) Private companies power the working class zip codes – public companies relocate to expensive zip codes most of the time – which locks people in debt and reinforces their dependency on their paycheck. This paycheck may be higher but for most people not enough to be worth it.
3) Public companies eliminate “handshake” hiring for bloated centralized hiring. It is done in the name of fairness, but all it does is create a class of blacklisted people and a class of job hoppers who jump from public company to public company. A nepotist company closes off only one door to you. The centralized coordinated blackballs by public corporations cut out an entire class of people from their league – not just from one company.