A company goes public for one reason and one reason only: because it NEEDS to raise a LOT of money and cannot do it any other way I’d argue many great companies are ones that don’t go public - because they don’t have to! IKEA, Mars, Aldi, Bosch, Trader Joe’s, In-N-Out…

A company that is not a public one is not subject to keeping investors happy (and share price high) Private companies can focus on the longer-term easier, whatever this is (the mission; testing employees well even during a downturn when public companies would just layoff etc)