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oh yeah, it's all the fault of the greedy investors vs. the virtuous founders, who now have 4 Porsches apiece and $10 million dollar houses in Los Altos. my misunderstanding may be flawed (my bushism of the the day), but - if you go public, you are legally saying that money is the only thing that matters. if you don't behave in this way, you can be sued for violating your fiduciary responsibility. it's not an ideal system, but the people who cashed in have little right to pretend to virtue beyond that they earn by being good stewards of the bucks. there can be much disagreement over which path will lead there, of course.