Harj Taggar Retweeted Tomio Geron
Sure this explains some % of larger funding rounds but odd to not mention impact of hedge funds doing late stage rounds successfully e.g. Coatue, T Rowe, Tiger. They're motivated by exit into public markets, creating liquidity for all shareholders, not VC fund markups.https://twitter.com/tomiogeron/status/1057843663089225728 …
Harj Taggar added,
Tomio Geron @tomiogeron
.@chamath's guide to SV multilevel marketing: Startups overspend on user acq > VCs overpay for valuations > VC fund values rise > VC funds sizes, fees spike > LPs don't get profits > Employees lose bc sky high option strike prices https://twitter.com/chamath/status/1057733246291591168 …
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