> This is a reason to think one more time about US business culture.
I am not in the US but in Europe and it is much the same here.
> A typical listing just few years ago could've been from an entrepreneur who opened a concrete factory, or a trucker cooperative opening an industrial commodities company all popping no more than 10 to 20m USD a year.
Those are not the kind of companies this is aimed at, a series A as referenced in the article is typically seen as the first serious investment post validation of a concept.
The stock market has very little to do with any of this, most of these companies are - and will remain - privately held, it's a rare exception that one of them will make it to IPO.
I am not in the US but in Europe and it is much the same here.
> A typical listing just few years ago could've been from an entrepreneur who opened a concrete factory, or a trucker cooperative opening an industrial commodities company all popping no more than 10 to 20m USD a year.
Those are not the kind of companies this is aimed at, a series A as referenced in the article is typically seen as the first serious investment post validation of a concept.
The stock market has very little to do with any of this, most of these companies are - and will remain - privately held, it's a rare exception that one of them will make it to IPO.