The other case is they didn’t want to deal with going through an IPO, got a great offer for their business and a major liquidity event for their employees. Goi

The other case is they didn’t want to deal with going through an IPO, got a great offer for their business and a major liquidity event for their employees. Going public, despite profits made, really sucks the soul out of a company. Twilio and Segment’s visions align pretty well so I think that played a role as well. Outside of golden handcuffs, a large portion of their employees are liquid immediately as opposed to an IPO with a 6-12 month lockup for employees plus the rise/fall of a stock price during that time. All in all, I think they made the right choice to sell instead of going for an IPO.