Out of the storm of negativity comes a ray of sunshine. OpenTable has filed and will be going public. It has been so long since a venture backed company has done this that you may have forgotten what this is all about.
Essentially, a company with a business model and growth sells a part of its self to the public equity market (institutional and individual investors). I didn't necessarily say profitable as OpenTable didn't quite make money on revenues of $41.3 million through September 2008.
Good to see this happening as well as a service that I have used and found value in over the years positioned to make the leap into the public markets. If you've never used OpenTable to make a restaurant reservation, you should check it out.
