
The Public Markets Aren’t So Broken After All
The real reason there are fewer IPOs has nothing to do with the IPO process itself.
Glenn is the CEO of Redfin. Prior to joining Redfin, he was a co-founder of Plumtree Software, a Sequoia-backed, publicly traded company that created the enterprise portal software market. In his seven years at Plumtree, Glenn at different times led engineering, marketing, product management, and business development; he also was responsible for financing and general operations in Plumtree's early days. Prior to starting Plumtree, Glenn worked as one of the first employees at Stanford Technology Group, a Sequoia-backed start-up acquired by IBM. Glenn was raised in Seattle and graduated from the University of California, Berkeley. He is a regular contributor to the Redfin blog and Twitter.

The real reason there are fewer IPOs has nothing to do with the IPO process itself.

It should be hard to go public. You should pause a moment before signing financial statements. You should feel the weight of having to tell the whole truth.

All of these companies are expanding into new cities for a variety of reasons, but a big one has been to follow the talent to a lower cost of living.

For a long time now, I’ve been wanting to discuss diversity, workplace politics and our culture of dissent.

Today, Redfin’s stock begins trading on the public markets. We’re grateful to all the people of Redfin, past and present, who worked so hard and cared so much about this company.

Adam somehow leads six different teams, including data science, mortgage, business development, analytics, program management, and growth marketing.

The real reason there are fewer IPOs has nothing to do with the IPO process itself.

It should be hard to go public. You should pause a moment before signing financial statements. You should feel the weight of having to tell the whole truth.

All of these companies are expanding into new cities for a variety of reasons, but a big one has been to follow the talent to a lower cost of living.

For a long time now, I’ve been wanting to discuss diversity, workplace politics and our culture of dissent.

Today, Redfin’s stock begins trading on the public markets. We’re grateful to all the people of Redfin, past and present, who worked so hard and cared so much about this company.

Adam somehow leads six different teams, including data science, mortgage, business development, analytics, program management, and growth marketing.