Discover/Venture Unlocked/The GP of 2030: AI, Automation, and the ...

Private markets in 2013: FedEx trucks delivering paperwork while everything else went digital

Venture Unlocked · The GP of 2030: AI, Automation, and the Future of Capital...

“I just expected a digital account creation process.”

2:55 / 3:33

There'd be websites. There'd be links. It would be secure. There'd be a workflow I'd go through. I'd move money digitally. I'd sign paperwork electronically. I just expected a digital account creation process. And instead, a FedEx truck came out to my house with a stack of paperwork two inches thick that had to be notarized. So I had to go find a local notary. And I saw that pattern a couple of times, and I was like, this is crazy. This is 2013. Everything had moved online. I could do everything with my doctor online. I could buy shoes online, trade stocks online. Everything but the private markets universe, which was still literally moving paper around in FedEx trucks.

About this clip

A stark illustration of how antiquated private markets were in 2013, when investors had to deal with notarized paperwork delivered by FedEx while every other industry had moved online. The speaker contrasts this with the seamless digital experiences available for healthcare, retail, and public stock trading.

Why this clip

This moment perfectly captures the absurd inefficiency gap that existed in private markets compared to other industries, making it a compelling illustration of market opportunity.

2:55 - 3:3338smarket insight
private-marketsdigital-transformationinvestor-experience

Share

LinkedInX

Similar clips from other shows

Masters of ScaleMasters of Scale

market insight

Brands finally feeling the pain of ignoring social-first strategy

GaryVee argues that brands are now experiencing real consequences from not prioritizing social media in their marketing strategies. He positions himself and those who embraced social-first approaches as being vindicated after 20 years of advocating for this shift.

7:52 - 8:1422s
social-media-marketingbrand-strategydigital-transformation

a16z Podcasta16z Podcast

market insight

Why tech companies are stuck in permanent fundraising mode instead of going public

The discussion explores whether companies are avoiding IPOs because public markets are less attractive or because private markets have become so rich and liquid that the traditional incentive to go public has disappeared. The conversation highlights how fundraising has evolved from discrete series rounds to what feels like continuous raising, especially among AI companies.

3:03 - 3:4946s
ipo-delaysprivate-marketsfundraising-cycles

a16z Podcasta16z Podcast

market insight

Private markets now capture 55% of value creation vs 12% decades ago

A dramatic shift has occurred in where tech value creation happens, with private markets now capturing 55% of value creation for recent IPOs compared to just 12% in previous decades. The speaker discusses how this trend has benefited private investors and highlights their portfolio of major private companies including SpaceX, OpenAI, Databricks, and Stripe.

20:37 - 21:1538s
private-marketsvalue-creationipos

From the blog

FrameworkOriginal Research

The 5 Clip Archetypes for VC Podcasts

10 min read

Want clips like this for your podcast?

We find your top 5-8 clips, write the hooks, and deliver ready-to-post content. First 2 episodes are free.

Get 2 Episodes Clipped Free