He says listing on a small market, such as Australia, makes little sense and questions what startups are actually hoping to gain from that listing. It’s clear to see that far more startups choose to list in the US compared to Australia, something Svane puts down to the more mature and larger startup scene that exists right across the US. Companies “will fail” going public too early Do I want to innovate and invent it? Hell no. “Is there a better way of doing ? Probably. However, going public was a far easier option than designing such a framework, he claims. However, Svane believes if Zendesk was still a private company today, he would have implemented his own internal framework for those sort of obligations, as he believes organisations need “discipline and cadence”. “Being a public company makes it easier for us to do a lot of things, though it comes with a lot of work, the compliance, controls, quarterly reporting.” Being a public company is in our blood,” he says. “I don’t think about the company when we were a private company. Zendesk now has over 2,300 employees and revenue of more than $US500 million ($684.2 million), along with a $US7 billion ($9.5 billion) market cap to boot, and Svane says he wouldn’t change a thing. Speaking to StartupSmart in Melbourne last week at a company event, Svane touched on the process and experience of listing customer support giant Zendesk on the NYSE way back in mid-2014.Īt the time, the company had around 500 employees and had been operating for seven years, coming from what Svane calls a “kitchen counter” beginning. If your startup’s big hairy audacious goal is to list on the Australian or even New York Stock Exchange, Zendesk co-founder and chief executive Mikkel Svane thinks it might be time to pick a different goal.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |