IPO Revenue SEC Syndication 
www.paulgraham.com
APRIL 28, 2010
The SEC defines an "accredited investor" as someone with over amillion dollars in liquid assets or an income of over $200,000 ayear. In an IPO, it might not merely addexpense, but change the outcome. Those remedial actions can delay, stall or even kill the IPO. There never has to be atime when you have no revenues.
Both Sides of the Table
OCTOBER 18, 2015
“Trade in an asset at a price that strongly deviates from an asset’s intrinsic value” The arguments against that, “This time the startups have real revenues!” They must either eventually IPO or they must be bought by larger companies who almost certainly themselves are public. ” ring hollow.
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