Matthew Prince
π€ SpeakerAppearances Over Time
Podcast Appearances
And so, you know, I wish that more people would focus on
you know, how, how quickly you've gotten to sort of break even, how quickly have you actually ramped kind of your revenue rates?
Um, cause that's, that's what really matters for, for a business.
So we're growing still high double digits, um, at, at the, at the rate that we're at, which is, uh, which is really, really, really, um, you know, amazing.
Yeah, we certainly weren't considering going public in 2017.
And I think that what we're really proud of is that we've built a real business that can be a standalone, sustained business.
And, you know, we run the business at basically breakeven value.
uh, today.
And, uh, I think that as you get to a certain size, whether you're public or not public, you have a responsibility to run your business as if it is a public company.
And so making sure that you have the controls in place, that you're doing the right, the right auditing, the right other systems.
And so those are things that there's a lot of bullshit though.
So I'd push back on that.
I think that there are reasons that you have rules.
And if you're taking people's money and if you're taking people's time, especially, and trading that for equity in the company, then it's really important that you make sure that you're actually putting in place the systems and controls to run that business responsibly.
And so I think that while it absolutely is the case that when you're
you know, there were three of us that started a business in a, in a small office over a nail salon in Palo Alto, California.
So, you know, back then it would not have made sense for us to do full KPMG style audits today when we're North of a hundred million dollars in revenue, we have over 700 employees.
Um,
it's the right time for you to make sure that you've got, you know, a responsible board with outside directors to make sure that you're going through accounting and the procedures that are, that are correct, that you're doing full audits and whether you're a public company or not, there's a time that you, you've got to grow up and, and sort of companies that sort of say, we're going to be Peter Pan forever.
I, I, I, I would, I would worry about what's going on behind the scenes there.