00:00:00
Let's say you were running a software
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company that was like before the AI wave
00:00:03
and you're private. There's a bunch of
00:00:04
these companies that were supposed to go
00:00:06
public, didn't go public. What should
00:00:08
they do? Like what do those boards do?
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>> Here's some Kleenex for them for all
00:00:11
their tears. [laughter]
00:00:13
I mean, I talked to these CEOs, they're
00:00:14
crying. What's my market cap? I'm not
00:00:16
getting paid for my work. Guys, grow up.
00:00:19
That's what I love about the public
00:00:20
markets, they rationalize everything all
00:00:22
the time. So,
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>> Yeah. great. Be in the public markets.
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You want to be in a private market, your
00:00:26
valuation is fantasy land until
00:00:28
somebody's actually going to pay you.
00:00:30
So, I just tell them focus on your
00:00:33
revenue, focus on your customers, focus
00:00:34
on your cash flow, focus on your
00:00:36
profitability, focus on your innovation.
00:00:38
How are you going to add value to your
00:00:40
customers? That's what's really truly
00:00:42
important.