David Solomon, the CEO of Goldman Sachs, urged startups to reconsider going public, highlighting that they can grow and secure funding without the challenges of a public company.
At the Cisco AI Summit, Solomon remarked, 'It's not fun being a public company; who would want to be a public company?' indicating the burdens that come with public listings.
Goldman Sachs is increasingly working with large private companies, as evidenced by their collaboration on Stripe's significant $6.5 billion funding round in 2023.
The trend of large tech companies opting to stay private longer is growing, suggesting a shift in the startup ecosystem and fundraising strategies.
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