It's a tough call. When a company is private but no longer small, that can be a great time to get research underway, since as you note, Lin, there isn't anyone waiting to see an immediate payback and profit.
At the same time, the lure of profit can be tough for founders and other inital stakeholders to resist.
I suppose whether a company can continue to innovate depends on how well it does overall. Look at Google; it continues to innovate --and throw away a lot of what doesn't work -- and while shareholders squawk, they haven't done anything to stop it.
I totally agree that providing a return on innovation in a quarterly cycle is almost impossible.
Is it the fault of the companies that go public, or should we look at shareholder expectations as the culprit? Years ago, people would buy a stock and hold on to it through the bad times. Today's shareholder focuses on short term profits/gains. It's really hard to innovate when the results of innovation need to provide value to the corporation and their shareholders in 90 days.
Hi Mary, I enjoyed this video blog very much. Especially with Facebook's IPO going as badly as it did, the company is going to really have to focus on business over innovation to avoid further disaster. This of course leaves the door open for some more appealing service to come along and snatch consumers' attention.
Perhaps the message for companies is an obvious one -- that an IPO should not happen until the company has a sound business model in place and is more than secure financially. If you're still fiddling with the revenue stream (as all of the tech companies are that went public in the past year) going public could be a huge mistake.
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