In this issue:

• The IPO Market: Too Expensive for Sellers

• Surface Area

• Austin

• Vaccine Race

• Avoiding Devops

The IPO Market: Too Expensive for Sellers

Affirm has postponed its IPO ($, WSJ), citing market conditions. Roblox, too, has delayed its IPO ($, WSJ) for the same reason. This is not historically unprecedented; older studies say that roughly 20% of companie…