Remember all the mania around the web1.0 bubble? Millionaires abounded once companies went public and filed their IPO. Well, GoDaddy, with their hot controversial Superbowl Ads and ubiquitous domain registrations and more, have decided to pull their IPO filing with the SEC.
Its actually a fascinating little piece by Bob Parsons, because he reveals:
A brief run of GoDaddy’s financials (they’re good, if not entirely obvious), and …
Why they don’t need an IPO at this time is probably instructional for any business at that particular phase of growth.
To wit:
- They don’t need the cash
- They don’t need the external pressures from extra investors
- They’re already growing like gangbusters.
Sure, doing an IPO raises lots of funds and gets you into the papers, but it puts a lot of chefs into the kitchen.
Cash comes with a price, I guess.
Well, Bob Parson has plenty of balls to go around … good for you, buddy.
