Seriously? You could have crushed it owning any of the big tech firms last few years. Or Tesla. Or whatever brand you wanted. Markets are fuego bud. What private company do you wish you could own most of those startups fail anyway nor would have a bid in public markets so early.
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Ya but think about what the market would be like overall if it had more of the tech cos in it
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I agree would love to see more things public sooner. But tech stuff that is public has been leading this market. Ask
@alex who for 3 years has done +100% a year basically just owning mid cap public saas. He's for sure outperformed most VCs. Crazy. -
Surprised there’s not more happening around that. Economics of SAAS should be relatively predictable at this point.
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Yeah. think tech is mature, good and predictable investments. That's positive thing. Good news here is there are other sectors that still IPO pre-revenue! Biotech you can frequently own shares of at very reasonable valuations @ IPO. The ones that work out have huge upside.
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There are ways to do this. A Roth IRA at Vanguard for example lets you do it with very little money... You can trade public stocks with as little as $100 with some of these other companies. I do understand about investing in startups and that was supposed to be fixed but isn't
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The problem is startups aren’t going public
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The company ‘Equidate’ tried to tackle this situation. But the business model ends up targeting Institutional Investors, Funds, and Family Offices.https://equidateinc.com
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There is (or was) a company in SF doing something similar. They founded LLC's and the members of the LLC contributed funds that were then used to invest startups. Don't know what happened to them, but the idea seemed sound, also made target company governance easier.
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The broad stock market as-is, is a great investment. However most people are totally unaware how to invest. Please encourage your students to invest at least 10% of each paycheck in an index fund!
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I've thought about this, too. Pros: retail investors are insulated from companies that fail spectacularly in their early years (e.g. Theranos). Cons: retail investors have fewer opportunities to participate in rapid growth/price appreciation of young companies
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Also, is it possible the reduction in total public companies traded on exchanges and fewer IPOs is correlated to the historic lows in stock market volatility? Much of the volatility may be taking place in private markets not available to retail investors (and also not measured).
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And those that do raise through open rounds in say Angellist syndicates are reserved for accredited investors.
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I'd suspect that the vast majority (absolute $) of tech growth over the past decade has been the $2T+ growth of FAANG public mcaps. The average person is missing out on startups sure, but even then they're getting those through e.g their pension funds -> VCs -> startups
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c. how little productivity is increasing with all the tech promises.
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And the ones that do IPO are doing so very late, with many private rounds along the way
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We used to outsource our health to doctors, our education to teachers, our money to brokers etc. More recently, a lot of people are reigning that in and taking personal responsibility of life, working w/experts but not relying on them. Same idea applies to exposure to tech...
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But technically... That's why you have accredited investors (salary + assets minimum thresholds). They won't take that big of a hit if they invest as a part of an early round if they go for 8 more rounds later before a "possible" exit.
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