Why tech companies are stuck in permanent fundraising mode instead of going public

are companies choosing not to IPO or delaying IPO because the public market is not that fun or because the private market has gotten so much richer, so much more liquid, etcetera, that that impulse to go public just isn't the same way as it might have been in a different generation. Yeah. This has kinda been a long running question in the market for a while now. But one thing I would just point out on the last point, it feels to me like companies in the private market, even though they're in the private market where, presumably, the pool of capital is smaller Yeah.

It feels like they're always fundraising. They're this is the other thing too that, like, it used to be when I started covering tech companies, it's like your series a round and series b round and c. Right. And now it just seems like this permanent round, especially with some of the AI companies Always B raising. Always raising. Anyway,