$445 billion flowed into startups in the last five years. Now it’s threatening to upend one of Silicon Valley’s most celebrated customs (SPOT, GOOGL)
- The traditional initial public offering process may be in the process of being disrupted.
- Spotify went public last year using a different process and may soon be followed by enterprise software company Slack.
- Startups have good reasons to spurn regular IPOs — they’re costly and time-consuming.
- Thanks to the massive amounts of money that have flowed into Silicon Valley in recent years, many companies are likely well positioned to go public a different way.
The avalanche of money that’s piled into Silicon Valley lately may be starting to disrupt more than just the taxi business and commercial real estate — it might