Well, you probably need to be doing extremely well to get to IPO in a situation where that structure is a possibility.
It's not really surprising that companies that print huge amounts of money with fairly little need for funding do well.
It's the counterfactual that is interesting. How well could this company have done in the other timeline where the founder didn't retain all that control?
It's the counterfactual that is interesting. How well could this company have done in the other timeline where the founder didn't retain all that control?