What makes it even rarer is the need for a function business model creating growing cashflows from operations. Aiming at a 20-30% growth rate bottom line. Talking about CASHFLOWS.

Include then a smarty pants CEO like Jeff Bezos understanding two things:

1. reinvest in the core business to get more cashflows
2. place small bets on a variety of new ideas and double down when you get a hit.

That’s the only case for IPOs when desiring a push in valuation post IPO over a decade.