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The startup Griddy is behind many of the enormous energy bills that homeowners in Texas faced after the winter storm.
Griddy had big plans to disrupt Texas s electricity market when it launched in 2017. Now it faces a lawsuit filed by the state AG alleging that it misled customers.
The state grid operator has effectively shut the company down.
Griddy, a startup in Texas, had a simple pitch: Switch to Griddy and save money on your electricity bills.
Many Griddy customers were stuck with thousands of dollars worth of energy bills. Some owed more than $15,000 to the Houston firm, The New York Times reported.
As you can see from the table, if we weight all ten factors equally on a scale of one to ten, it’s not clear that on average becoming a publicly traded company is either a smart move or a disaster.
But averages are deceiving. Average companies don’t exist.
Each business has very specific goals and resources and market appeal. For some businesses, access to capital and the cost of capital are high priorities that far outweigh the negatives of being public.
To help you decide what’s right for you, assign your own weights to each factor based on their importance to you.