I'm sorry, but I don't see why people are so hostile to trading in the open market.
The public stock market is a real-time debate about valuation in the open. The VCs do it behind closed doors. Being critical of the markets for being divorced from reality is fine, but surely having a public stock price is better than having it all hidden from view?
If you're not a fan of more openness, maybe you are hoping to 'pick off' a VC who over-values your company, away from a public analysis of its actual worth?
As for having a public listing forcing a company to do anything - it's not true at all (except for publishing audited accounts). The company is free to ignore the gyrations of the market, and keep its plans secret too.
The public stock market is a real-time debate about valuation in the open. The VCs do it behind closed doors. Being critical of the markets for being divorced from reality is fine, but surely having a public stock price is better than having it all hidden from view?
If you're not a fan of more openness, maybe you are hoping to 'pick off' a VC who over-values your company, away from a public analysis of its actual worth?
As for having a public listing forcing a company to do anything - it's not true at all (except for publishing audited accounts). The company is free to ignore the gyrations of the market, and keep its plans secret too.