The problem with the founder's letter

Technology - Friday, February, 03 2012FORTUNE -- For Internet companies going public, the founder's letter is comely a custom with a purely symbolical value, a rite of passage into the adulthood of public markets. Larry Page and Sergey Brin started it when Google (GOOG) went public in 2004. Andrew Mason brocaded it to cockeyed new heights when Groupon (GRPN) launched its IPO concluding year.

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