It’s a little disconcerting to realize: a. How much of the economic growth in the US is happening inside of tech companies b. How little exposure the average person has to invest in those tech companies as IPOs remain rare
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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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Isn’t that what
@EquityZen and the like are for? -
Idk haven't heard of them. This is a good topic for next
@michaelbatnick podcast! -
Yup Equity Zen is one of the big players in secondary markets for private co's. Imagine you're an early employee at a Unicorn, but IPO is far, but you need cash now. You can list your co shares for someone (accred. Investor) to buy from you. Like a fancy Craigslist.
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Amazon at IPO in 1997: - $16M in Q1 revenue - $438M Market Cap - Raised $54M So, basically a Series B VC Funding Round in 2018. We're working on it!
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None of this addresses
@AustenAllred's original point that _average_ people don't have access to these opportunities if these companies remain private. The average person is not an accredited investor. -
Average people will def lose money in these things. Markets might be protecting them. The ico market is open to all look how that turned out. Also you can invest in early stage stuff via angellist etc if you want. No shortage of options.
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ICO market and private equity markets are not that comparable. AngelList has quality issue - best startups won’t even think of going angellist route. Accredited investor rule keeps avg people out of market until most value / potential has been captured
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Yeah I guess you "only" could have made like 600% buying
$sq in public markets at lows. Everyone had access. Plenty of liquidity. Better than the best VC funds do. I get what you're saying but there is insane opportunity every day if you want to look for it. - 2 more replies
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