Kate Mitchell, the managing director of Scale Venture Partners, predicted in an interview with Bloomberg West that there will be a “steady increase” in tech IPOs in the coming years as a result of the Jumpstart Our Business Startups Act passed earlier this year.
“Entrepreneurs have been concerned about both cost of going public, and it’s not just the dollars, it’s the reputational cost of going public,” Mitchell said in the interview, noting that companies effectively have no choice but to make all their financial details public for competitors as part of the process. The JOBS Act will change that for emerging growth companies.
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