This week we’ll take a look at public company risk. Public companies are widely misunderstood, especially among the bitcoin and crypto crowd. That’s not really surprising. The whole thing is (enter: 100% of my cynicism) intentionally convoluted and confusing to make the investment bankers, lawyers and insiders on Wall Street feel smart. I mean, these are called “public companies,” but they are decidedly private, for-profit enterprises. Words matter, but just not in high finance, apparently. – George Kaloudis For context, I want to lay out what it means to “go public” or “be a public company.” A company goes public by ... (full story)