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> The problem with going public is that performance is now measured quarterly.

The company I work for did not IPO yet either, and we still do performance reviews every quarter. So idk if going public matters much in that regard.

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There’s a difference though between you doing internal quarterly reviews and being held to account by Wall Street analysts and hedge funds looking for perceived weakness.

who defines your quarterly goals as a private company?

Or more importantly, how are you goals measured after the quarter? Public markets don't take and mitigating factors into consideration when your financials tank the way a private company does.

Your investors (and potential investors) have a take, certainly.

My bosses and their bosses and their bosses and so on. Probably the board as well, in the end.

I’m a simple Software Engineer, so I don’t really have much insights into that whole side of things.

but thats my point - its a much smaller group of usually highly invested people if your company is private (even with the quarterly reviews) - with a public company, there are a lot more investors with a lot lower stakes, which manipulates the goals and intentions of the company significantly.

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