Does anyone else think that early-stage tech companies (recent IPO companies) are horribly run?

For many of these recent IPO tech stocks, it seems like many of them are run very bad from the shareholder perspective. Employee compensation off the charts, executive compensation sky high, share dilution pretty frequent. You often see the executives dumping large amounts of stocks shortly after the IPO which shows even the executives don't have confidence in the company.

It seems like most of these companies are not even investable due to the above issues. When the stock does go to the moon it seems like it is more to do with rampant speculation of “this is the next trillion dollar company” or something like that.

The only ones that are well run are when the venture capitalists are essentially the ones making all the decisions. Once the company goes IPO and the shares fall into the hands of small-time investors then that's when the abuse really starts to happen I've noticed.