We don't want to say that Silicon Valley has become crazily obsessed with the looming idea of Uber's IPO, but Silicon Valley has become crazily obsessed with the looming idea of Uber's IPO,
So it should come as no surprise that when the company's CEO, Travis Kalanick, appeared at the Wall Street Journal's WSJDLive Conference in California yesterday, a good amount of time was devoted to an update on when the world can expect to get its hands on Uber's stock.
Kalanick was also dealing with public pressure from fellow bro billionaires like Mark Zuckerberg, and investors like Bill Gurley who had appeared earlier in the day at WSJDLive and bemoaned the sudden feet-dragging of super well-funded startups like Uber to go public.
But Kalanick was quick to be something of a cold shower on everyone's excitement:
Mr. Kalanick said his company is maturing, but it isn't yet ready for an IPO.
“We are like eighth-graders and somebody is telling us that we need to go to the prom,” Mr. Kalanick said. “It’s just a little early. Give us enough time.”
Yeah Zuck, you perv. Get your hands out of Uber's sweater!
It appears that if Silicon Valley has another thing coming if it thinks it's going to tell Uber when it's ready to lose its innocence. Travis and his team know what everyone wants when they leer at them, sure, but they are going to guard their flower like the treasure it is.
Uber's not some slut like that Brooklyn hussy, Etsy. Plus Kalanick isn't done bleeding private investors for every last dollar.
“There’s a lot of money in the private markets, so that part of going public is no longer there,” said Kalanick. “We feel good about where we are. We feel good about the future. We’re just not ready for that kind of event."
Get it, Silicon Valley? Cuz we don't want to have this talk again.