Over the past 30 years, the number of publicly traded companies in the U.S. has been sliced in half, falling from a peak of ~8,000 in the late '90s to just ~4,000 today.
That stat shocked me. I knew IPOs were a slow drip, but I didn’t realize that the number of companies being taken private was far out pacing the number joining the NYSE and NASDAQ ranks.
Today we discuss:
Three structural changes in the capital markets that brought us to this point
The rise of private credit
How companies staying private changes your job as an operator or CFO
This week’s podcast is brought to you by Campfire (www.campfire.ai)
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They just raised $35 million from Accel to further reimagine ERP. That's not easy to do.
I’m excited to see how they keep reimagining this space – and you should be too.
Check them out at www.campfire.ai.
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