WHAT DOES IT TAKE TO IPO?

Summary from the TLDR Founders newsletter

Back in 2021, every founder said they were two years away from an IPO. Just a couple actually made it. Only 5% of unicorns are both above $300M ARR and have a Rule of 40+ score. The other 95% are zombies. Of the 52 cloud companies that have IPOed since 2018, only 7 have beaten the QQQ ETF. If you actually are on the path, IPO planning should start 18-24 months out. Accounting is the number one reason for delayed IPOs, and the list of what finance teams need to get right is longer than most founders expect.