Are you implying that it's impossible for a company to be both profitable and have a good internal culture?

That's a scary thought.

No I’m saying most tech companies went public without being profitable and that had more to do with the declining stock price.

It's not weird at all to go public before profitability, that was even the standard in tech for the longest time. The IPO was a _fundraising_ event, not a dump-the-company-on-the-public-and-move-on event.

All of the current BigTech companies except Amazon were profitable before going public - Apple, Microsoft, Google, Facebook.

The vast majority of tech companies that IPOd since Facebook have been a disaster of an investment.

Do you really want to use the tech IPO market pre 1999?