3 clips
VVenture Unlocked
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.
a16z Podcast
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.
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.
