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Why We Shouldn’t Worry About the Declining Number of Public Companies

Harvard Business Review

Our conclusion is supported by the fact that in each of the first three five-year intervals in the 21st century, 2001−2005, 2005−2010, and 2011−2015, the largest number of net delists, defined as the number of delisting firms minus the number of listing firms, occurred in software, electronics, and computer industry.

IPO 11
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How Software Is Helping Big Companies Dominate

Harvard Business Review

In 2011, venture capitalist Marc Andreessen declared that “software is eating the world.” These are often referred to as “intangible assets,” but it’s worth getting more specific than that. In fact, research suggests that big firms are dominating through their use of software.