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04mystic, all is not lost. You have a great company, you're in a hot sector, just keep at it, and you'll have the profits for yourself.
There are always private investors, you don't need the Mom&Pop ones to grow.
It's a lot easier to deal with 2 dozen private investors than with the whole hooplah of being public.
InfoSpace raised capital privately for a while before going public.
That gives you the oxygen you need, with less hassle, and at the same time if your company's numbers are progressing well, this establishes a trend/base for your valuation, and is very helpfup if later you go public.
Also, be aware that going public involves a very draconian quiet period. You can't talk about numbers, prospects, anything. All the stuff you talk about here would be absolutely against the rules of going public... so just make sure to clam up and only deal with advisors that are part of your "going public" crew. Nothing can leak out.
The information available to future investors have to be carefully filtered out to avoid misrepresenting the strength of the offering, and to avoid giving more information to some versus others... (this relates to unfair insider trading, equality between all shareholders, etc... stuff the SEC will be very keen on).
Your inhouse legal counsel will regularly chew you up (and your family, and all employees) on keeping quiet... get used to it :-)
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