Season 2, Episode 5: The Dropbox IPO
Acquired
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The Main Reason to IPO Is Liquidity
Uber had 430 million in cash and cash equivalents on their balance sheet at the end of 2017. So they probably could have gotten to net income positive, full profitability just based on the amount of cash they had left in the bank. "You can't pay your rent with illiquid drop-box shares," he says.
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