In 1995 we started Broadcast.com as AudioNet. In July of 1998 we took the company public. Within a year, 300 of our 330 employees were worth more than 1mm dollars in Broadcast.com stock. We became on of almost 300 companies to go public that year. We were one of about 125 to go public with under $50mm in sales and we became one of the 8k public companies listed on the major exchanges.
The amount of destruction in the IPO and public markets since then and its impact on this country are what can only be described as horrific
Lets go back in time and look at the Entrepreneurial thought process.