I’m almost starting to wonder if that’s the plan. Just keep saying “IPO IPO IPO” to get funding from over-eager VCs who want a piece of the IPO before it becomes widely available.

But then you just never IPO. Keep making minor to moderate mistakes along the way so you can be all “weeeeell we would have IPO’d but insert thing here so we want to wait another 6 months to let it die down”. Repeat until you’re ready to quit, then actually IPO and ride the initial IPO high all the way down via golden parachute.