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http://www.nytimes.com/2015/12/03/technology/crazy-like-a-box-going-public-can-give-start-ups-outsize-power.html

It's a really good argument.

It's also notable, in what it _does not include_, which is anything at all about how this is an unusually bad market for anyone to go public in. For years, that was a required disclaimer/explanation for the persistence of many companies with extremely high valuations to avoid "going public". It's no longer relevant, obvs, and now, it doesn't even rate a mention. Yay!

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