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Running a private company is significantly cheaper and less onerous than running a public one.

Stock market volatility resulting from irrationality of certain classes of investors (% weight depending on the sector), in extreme cases, can break even a healthy company.

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How so? It can only break the company if you're raising additional capital post-IPO. If you're not raising additional capital, your stock price and the volatility surrounding it are only a number that a stakeholder decides to sell at. It has nothing to do with your company's operational capabilities.

Depends on how many of your companies shares are held by the current board and management team...

Nothing breaks a company faster than switching out senior leaders every few months.

If your senior leadership is leaving because of short term volatility in their options, is that really the senior leadership you want in your company?

In addition, senior leadership has significantly less liquidity in their options in a privately held company.

I think he meant that the shareholders will replace the senior leadership because of short term volatility, unless you only sell a minority to the public.

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