News Pick – Silicon Valley: Inside the winners’ circle – FT

threebigJuly 2, 2015 ” ‘As tech groups shy away from IPOs, the wealth created goes only to those with the right access’ … ‘By staying private, there is no need to waste time on sweating over quarterly earnings reports. “In public markets, you can lose the long-term view to focus on the short term,’ says Mr Lin. And with investors lining up to pour cash into companies like Credit Karma, which has sucked in nearly $370m so far, the pressure to conform to Wall Street is off. ‘You can still raise the dollars in relatively short order, and still have the benefits of being a private company.’ ” Read the full article at FT