Kapor: IPO? WTF?
Mitch Kapor speaking a few minutes ago with Cornell University's Professor Robert Bloomfield at the special Metanomics session today, straight up nixes plans for an IPO.
Kapor says that he feels his earlier statements in other media were 'misconstrued', and that there are definitely no plans for an IPO. Kapor sounded rather baffled as to how his comments suggested to people that an IPO was in the wind. "My recollection is not saying that an IPO was under consideration... being able to take a company public is started 12 to 18 months in advance... it's very complex..."
The audio was a bit spotty, so we will need to wait for the transcript, but the magic IPO phrase seems to be, "Gosh, I hope not."
