share insights at Forbes’ Under 30 Summit in Detroit on October 28, 2019.Taking your startup public isn’t a requirement to building a billion-dollar business— maybe ever.
“If you’re able to do it, eventually it’s going to happen. If you’re successful, you’re going to be out, but it’s an intimidating process,” Oringer said. “I was sitting there in 2012 saying, ‘It would be nice to have that kind of instrument for my employees. It would be good to have kind of transparency for the enterprise customers that we are trying to build the business into.’ And we just kind of went for it.
“We’re at a size where we could be public, with about half a billion in revenue this year, a little bit over 1,000 employees and profitable these days,” he said. “For us, because there isn’t an immediate need to raise more capital for the business . . . just making sure that we do that at the right time where we really feel like our business model is going to be valuable. And we’ve got some control over our growth rate and profit margin.
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