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I'm not dang (or spartacus) but I want to say, I think the logic here is fallacious. Quality may or may not be going down, overall I tend to think not, its distortions of size effects, not absolute decline.

But more specifically there is no nexus between the decline, or behaviour, and a desire to IPO and realize profit. Not all things co-relate, they can be contemporaneous and un-related.

Whatever Dan has, and he has a lot of "it" -it includes tolerance and forbearance, and an ability not to buy into the paranoia at large. I don't think he'd be part of an IPO decision logic which went "yea it's boring: lets profit and run" -there might be a "profit" and there might be a consequential "run" and there might be "its boring" but I don't personally see them as causally connected.



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