Hi! Great to see the book is being read so closely ![]()
That 80m is actually correct; it was our market cap right after the bell rang when the share price doubled from the subscription price. It didn’t make any sense, and it wasn’t a healthy way to start a career as a CEO of a listed company when expectations were through the roof. The hype was wild, the business had a massive tailwind, and in the midst of it all, we failed at managing expectations when looking back at it now. Although our IPO has been widely hailed as a major success—and it was, if looking strictly at the transaction—it contains many lessons regarding life as a listed company (fortunately, I’ve had the chance to share these with future IPO candidates at various seminars and events; authentic stories with a bit of friction really resonate with people
).
Yep. At the time, I thought that was a great thing. Later on, experience has shown that a certain level of turnover is quite natural and even a good thing for both the company and the individual, especially if the company is undergoing a major transformation. It’s not realistic to expect that everyone’s goals and career aspirations will evolve in the exact same direction as the company over time.