Goldman Sachs CEO Advises Startups to Rethink IPOs

Goldman Sachs CEO Advises Startups to Rethink IPOs
At the Cisco AI Summit in Palo Alto, Goldman Sachs CEO David Solomon urged startups to reconsider going public, citing the benefits of remaining private. He emphasized that startups can achieve significant growth and secure funding in private markets without the complexities of being publicly traded. Solomon remarked, 'It’s not fun being a public company,' highlighting the challenges faced by public firms. Goldman Sachs is increasingly focusing on private companies, including its recent collaboration with Stripe on a substantial funding round. This perspective reflects a growing trend among tech startups to delay IPOs.