Peter Singlehurst, a senior fund manager at Baillie Gifford, argues that it's increasingly challenging for public companies to operate effectively due to stringent reporting requirements and shareholder interests that can often diverge from the company's goals. In an interview on the 20VC podcast, he emphasized that remaining private can enable a company to thrive without the constant external scrutiny that comes with being publicly listed. Singlehurst also touched on evolving strategies in private markets, like company-facilitated secondary rounds that offer new liquidity options.
It's really hard to be a public company. It's really hard.
You can build a better business by staying private for longer.
All your competitors get to know pretty much everything about your business because you have to tell your shareholders pretty much everything.
There has been an evolution of very large, company-facilitated secondary rounds which could become a source of liquidity for investors.
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