Name: GoDaddy CEO: The benefits of going public
Uploaded: 2015-07-17
Duration: 1 min 58 s
Description: Blake Irving explains how the company is doing four months after its IPO.

[ MUSIC ] Almost four months now in the public markets, how is life out there? You know, it's great. We were running the company, as if it was a public company for a couple years before we entered the public market. And our process was pretty long We did quite a few refilings. And frankly, timing, in markets, you never know when the right time to go out was. So when we went out, we were very prepared. We feel like it's great to be acknowledged in the open. People now know what the scale of the business is. They understand the metrics of the business, how we measure it. We put in our first quarter and, frankly, it felt really good. So do you think more tech companies should join you? So many tech companies now with these crazy huge valuations that are really staying private for a long time. Yeah, it's a little bit befuddling to me why the value of a company that is Private would be greater than the value of companies that are public. But yet that is in fact, the way it is. From my perspective one of the key benefits from going public is liquidity for employees. And it's also for having a public currency that you can trade it and acquire other companies. And both of those things are very important to me personally, and were very important to our employees. So to that end I think it was a very good thing for us. And I think other companies will eventually follow suit. And this whole sort of inversion of private company value versus public company value, I don't know if that is going to be a sustainable phenomenon. Certainly is happening in a big, big way right now. And I have heard guys say, gee, I'd really would prefer to stay private, but I think the governance that the comes with being a public company can actually be a positive thing to keep, I think, to keep EBITA and free cash flow and revenue and all the things that you measure a company's health, and check.

GoDaddy CEO: The benefits of going public

Blake Irving explains how the company is doing four months after its IPO.