ahh, the same ol' "if they were any good why didn't they get...

ahh, the same ol' "if they were any good why didn't they get bought by such and such" argument

well, maybe it's because:

1. getting listed on ASX gives them the funding to grow the business how they see fit, and potentially become a large influential company

2. reverse listing allows them to keep much greater ownership and control of the company than the venture capital route

3. the founder/inventor can see the potential, and would rather create something big that he owns, than take the easy road and just get bought out and become just another "department" of a giant corporation and answer to ignorant management

4. same reason other companies didn't get bought out at inception. did whatsapp get bought out in the first year for $100m? or did they get bought out after they had hundreds of millions of customers and get bought out for $20billion. why did snapchat refuse buyout offers? etc... getting bought out / acquired is not a hallmark of what makes a company great