LogMeIn Began Work-From-Home Capacity in February, Says CEO

The transcript discusses a company's preparation for a surge in demand due to remote work, strategies for reopening, and the decision to transition from a public to a private company. It highlights the benefits of going private for innovation and growth, especially in the tech sector, and addresses the public versus private debate for companies seeking the best path for development.

What was the primary focus for companies during the initial weeks of the demand surge?

• Marketing and advertising

• Employee welfare and business continuity

• Expanding product lines

• International expansion

How did the company view the opportunity presented by the shift to remote work?

• As a chance to rethink operations

• As a temporary adjustment

• As a reason to downsize

• As a challenge to overcome

What was the outcome of the shareholder vote regarding the company's transition to a private entity?

• It was approved

• It was rejected

• It was postponed

• It was undecided

Why did the company decide to go private despite the success of 'virus stocks'?

• To reduce operational costs

• To focus on long-term growth and innovation

• To merge with another company

• To avoid public scrutiny

What is a potential benefit of going private for tech companies?

• Easier access to public funding

• Increased regulatory oversight

• Greater flexibility for innovation

• Higher public visibility

What is often considered the 'Holy Grail' for young tech companies?

• Going public through an IPO

• Going private

• Acquiring a competitor

• Launching a new product

What challenge does a complex business face in the public market?

• Limited market reach

• Increased competition

• Difficulty in explaining its story to investors

• Lack of investor interest