Vlad Barbalat

speaker
638 appearances 1 recordings 1 series first heard Jun 2026 last heard 23 Jun

Vlad Barbalat’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

Appearances

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You went public historically for very specific reasons.
You needed to raise a certain amount of capital that was simply unavailable in private markets.
They were just not robust enough.
And if you wanted to grow your business, you would have to go to the public markets.
There was a clear element of prestige with going public.
So that was a milestone in a company's history to go public.
That was a thing.
And the trade-offs would be you give up a significant amount of
control the ability to make decisions for longer horizons and sit through difficult moments because public markets punish you, shareholders react, boards react.
Private markets have more or less addressed those challenges.
You can now raise gigantic amounts of capital.
So the capital need
has been solved the prestige and milestone thing that's kind of gotten diluted these companies have grown so large we all know what they are and now the cost of being public is actually quite high whether that is a literal cost of the amount of compliance required to people being really careful about saying do i want the kind of pressures that are naturally present in public markets
in the way I'm gonna run my company.
And what is it that my company does?
Can I operate on a more of a quarter to quarter or maybe year to year basis?
Or is my business really going to suffer if I have to operate that way?
I really need that three to five year window, which public markets very rarely give.
That's what's driven the growth
of private markets.
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