It is a good sign for the startup world that well-performing technology companies are filing to go public. Marketing firm Klaviyo (S1 filing with the SEC) and Instacart (S1 filing with the SEC). They seem like solid IPOs, as both are at significant scale (Klaviyo at $500+ million in revenue and Instacart at ca $3 billion) and both net income profitable. In short, they are the type of companies that founders should aim to build their startups into. At least if they decide to raise large amounts of venture capital. A nice touch is that Klaviyo’s founder owns 38.1 % of the outstanding shares when going public!
