I rather appreciated Spiegel’s long pauses before answering with fully thought-through answers in his Code interview. Came across quite well.
Show this thread
Evan Spiegel characterizing going public as shifting away from short-term focused VCs to long-term focused public markets is A+ spin 
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
VCs get short term as exits are near: see his 600m payout to just take the thing public Public market gets long term if they take no voting rights: see his share class structure while taking the thing public he’s actually not wrong
-
Fair in theory, questionable in practice
-
How much equity has he sold?
-
Maybe getting the shares back up to $20 from $10 will take a long time? In practice in public co's you need to look through short term vol
-
He hasnt sold much... a long term approach seems reasonable
End of conversation
New conversation -
-
-
Depends on who is buying your IPO. If you're heavy with big institutional investors, then yes they have a much longer view than VCs. If they're hedge funds and day traders, they're just buying volatility. But the: VC = long, public = short is simplistic and wrong.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Love your ethics statement on http://Ststchery.com .
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Ben! Looking forward to your session on ThursdayThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
you think its foolish?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.