If we were still private now, we would be hurt, expressing the pressure to go public now, but when the need is very scarce. And so [it would be] harder to get out,” he added, describing how delaying the IPO would have prevented it. Extensive ability to act, grow and acquire.

Skates’ clear response is notable because while Amplitude enjoyed incredibly strong growth while privately held, it had to endure the same sharp correction in tech valuations that all public tech companies have suffered. Moreover, the company told the market early about its macroeconomic concerns and absorbed much of the revaluation’s bitterness in one fell swoop. So

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