The first of many situations. I have not met very many CEOs who were happy with going public. The trend is already anti-public. Once a stable system for liquidity exists for employees & investors, the incentives will be low. Reform will be necessary.
Huge secondary rounds already delay companies from going public by offering liquidity. I remember Sequoia had a panel of CEOs that talked about their exp of going public & they primarily indicated the primary benefit was a nice marketing event & it increased their credibility.
I bet most people think crypto will solve this somehow. But, as long as people can antagonize your stock or distract your employees with price fluctuations, that solution is not likely 10x better.
Pretty much a consensus opinion: "Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term."
