Chapter
Should you hold or distribute shares as a venture fund investor?
22:47 - 30:18 (07:30)
The decision to distribute shares or hold them as a venture fund investor depends on factors like stock prices, belief in the company, and insider information. Holding shares for a longer period may lead to higher carry crystallization, but it's important to understand the market and not try to time it like public market investors.
Clips
Early-stage venture investors should not think like public market investors and try to time the market, but focus on figuring out the right distribution strategy for their shares.
22:47 - 23:58 (01:11)
Summary
Early-stage venture investors should not think like public market investors and try to time the market, but focus on figuring out the right distribution strategy for their shares.
ChapterShould you hold or distribute shares as a venture fund investor?
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Venture investors can beat the S&P by 10-15 points and receive 20-25% carry on the upside by holding onto shares of a good business going public for a period of 4-5 years, instead of distributing the shares immediately.
23:58 - 27:43 (03:44)
Summary
Venture investors can beat the S&P by 10-15 points and receive 20-25% carry on the upside by holding onto shares of a good business going public for a period of 4-5 years, instead of distributing the shares immediately.
ChapterShould you hold or distribute shares as a venture fund investor?
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Investment banks and LPs often approach major LPs with positions in companies, suggesting that they go public because the company is fully or well-valued.
27:43 - 30:18 (02:34)
Summary
Investment banks and LPs often approach major LPs with positions in companies, suggesting that they go public because the company is fully or well-valued. However, they believe that venture fund managers should focus on their main objectives of raising funds, distributing cash, and doing excellent work, rather than speculating in public markets.