And the few that have gone public have done awful
https://medium.com/@Arakunrin/the-post-ipo-performance-of-y-...
It's surprising to me that investors have been so wrong about combinator IPOs. I wonder if this has been driven my retail, or by the expectation of a small probability of enormous success.
Is going public the ultimate goal of every startup?
Most of the bad ones IPOd in 2021, when there was a huge overvaluation of speculative tech companies... Marking performance since IPO is also a bit weird since it's kind of arbitrary date in the firm's history.