More from Fortune’s 25th Brainstorm Tech:
For the U.S. he said, the new reality is a particularly tricky problem. It’s “essentially impossible to inflict economic pain on China without catastrophic economic pain on the U.S.,” Schimpf said.
Schimpf, however, made an argument for the advantage of remaining private. “Right now, we’re in a hype-y time. We’re growing like crazy. Why would we go out right now? We don’t need to, he said.” Schimpf laid out a simple 3-point framework for contemplating an IPO: If you go public in the middle of a “hype cycle,” when growth is slowing, or when you’re more than two years from profitability, and you’ll have a bad three-year stock return. Anduril checks at least one of those boxes, he said, citing the current industry-wide hype cycle, and therefore sees no rush.
