Startups are staying private longer thanks to alternative capital
1. Startups are delaying IPOs, appearing private for longer durations. 2. Median age of public companies increased from 10 to 13 years since founding. 3. Private equity assets surged to over $12 trillion, expected to double by 2034. 4. Klarna's IPO reflects the trend of large revenue companies going public. 5. Venture capital growth implies significant changes in the capital fundraising landscape.