Going public

Mark Cuban remembers Broadcast.com’s IPO on its 7th aniversary today. I think the most telling quote is this…

Going public wasnt a reason to relax, it was as stressful a moment as I had ever experienced. I was now responsible to people who I had never met. People were buying our stock as a foundation for their future. That was scary.

… and this…

There was no doubt that Todd and I had to get back to work the next day. We had to make it clear that the IPO wasnt a reason to celebrate, but rather a reason to work harder for all of our new shareholders.

I think these words really underscore the mindset that an entrepreneur must have.