Once upon a time, back in the days of yore, when entrepreneurs went by names like “Jeff Bezos”, Internet retailers were the investment rage, and Harvard still printed a face book of its students on paper, there was a ritual that many venture capital backed participated in. It was called the “initial public offering.”
Now, many of you are young and can’t remember the 1990s, so let me tell you about this ritual. The founders of companies would sell shares of those businesses to the public and the businesses would be listed on the stock exchange.
To read the full, original article click on this link: A Bed Time Story Venture Capitalists Tell Their Children
