>OpenAI, Stripe, Databricks and their peers do not only sell software. They set the trajectory of entire industries. It is reasonable to ask them to share that trajectory with the public that makes it possible.

When you remain private, the rules applied to you are limited, and even then have enough lawyers and you dont really have to follow all those rules.

When you go public, you have those same private rules, but they all now apply, and you gain a boatload of new rules and the SEC and others now are constantly on your case.

There's a well known IPO drought for decades now because it doesnt make any sense to go public. This is a consequence of over-regulation.

Although going public has a tendency to change the nature of companies, and does carry the risk of turning a good company into a bad one.