What's the math here if they go public in 2027, with next to 1T in valuation? How much more growth can the company have for regular investors? Surely they won't have the capital of multiple FAANG companies...
The stats warrant some caution, though. The main finding is based on figure 4 [1] and I wouldn't be surprised if the number and location of these 'eras' varied a lot if the authors use 40,000 people instead of 4,000.