Chapter
The Importance of Going Public
1:42:32 - 1:46:16 (03:44)
The value of companies that are worth more than the cash invested is five point five times, while half of private companies are worth significantly less than the cash that's been invested in them. Going public can provide the necessary discipline for companies to succeed in the long term.
Clips
IPOs since 2020 are worth 4.3 times the total cash invested in them over their lifetime, but half of them are worth significantly less than the cash invested in them at 0.2 times.
1:42:32 - 1:44:44 (02:12)
Summary
IPOs since 2020 are worth 4.3 times the total cash invested in them over their lifetime, but half of them are worth significantly less than the cash invested in them at 0.2 times. VCs with private companies would like to see similar results.
ChapterThe Importance of Going Public
EpisodeE105: Tech culture wars: Elon vs. SBF, Sabotaging Republicans with Trump
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Highly correlated portfolios in Silicon Valley are at risk of receiving poor or no advice, as they do not have hard nosed board members to make difficult decisions.
1:44:44 - 1:46:16 (01:32)
Summary
Highly correlated portfolios in Silicon Valley are at risk of receiving poor or no advice, as they do not have hard nosed board members to make difficult decisions. Sequoia Capital has been criticized in the past for potentially firing founders, but they now allow founders to have control of their companies with super voting shares.