Those companies are worth probably... $10-11B together? The current YC deal would be $3m to own 7% of them... so not including dilution you're looking at about a 230x return on capital in 9 yrs
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i'm surprised that they've still not had a single IPO.
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Why would they go public?
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several of the startups he mentioned are generating hundreds of millions of dollars in revenue... are you asking why they'd go public?
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I think he means that in this market other than early employee/VC liquidity there's no advantage to being public
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that's fair. i'm just fascinated by the trend of staying private despite being in the fiscal state to go public.
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Look at Snapchat and Blue Apron. You have a couple bad quarters and you get wrecked. Or you stay private and take SoftBank money and it's all good.
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Apron has big problems it isn't like more PE would have helped. Snap had hugely successful IPO they raised a ton.
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Great vintage
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Recession year too, think that helped?
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