The trend has reversed, the venture capitalists said. "I talk to the bankers all the time and they say to me," Dude, we have things that fall on the pike. Rob Hayes, Managing Partner at First Round Capital, who led Uber's $ 1.5 million fundraising in 2010, estimating the company at $ 4 million. Uber is now worth $ 68 billion.
Some of the largest private technology companies have recently taken steps to make them public in a year or two. Dara Khosrowshahi, CEO of Uber, said that he planned to make the company public next year. Lyft has maintained with investment banks to explore the possibility of making public. And Airbnb has started integrating independent directors, which is usually part of the preparations for becoming a public company.
A wave of I.P.O. technologies would have implications for the Silicon Valley startup ecosystem. Once start-ups become public and their employees pocket some of the wealth, executives and engineers can leave with more resources to start their own start-up. This gives venture capitalists a new set of companies in which to invest, renewing cycles of innovation and …
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