Those Yearning to IPO

The three friends have been in the same city for only 12 hours. Thomas moved here from Germany. Luis quit his job in Colombia. Amar arrived this morning from Tokyo via Vancouver. Now they are sitting at Elroys, a restaurant on a deserted block in San Francisco, talking about the business they are starting together. "We're so happy right now," Thomas says. "This is an adventure. We're jumping into the cold water, and it feels great." It's surprising that he doesn't go for a Gold Rush analogy, as people here tend to do once per conversation. Surprising too because of the...

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