Chapter
The Importance of Stock Selection and IPO Ratchet
14:44 - 19:20 (04:36)
The main takeaway is the significance of stock and company choice, especially for companies with high valuations and untested business models. Additionally, IPO ratchet is a term that denotes investors receiving the equivalent of the original shares at the pre-agreed price if a company cannot IPO at the same price.
Clips
The majority of companies expected to go public in the next year will likely be valued below their last funding round, while the current market has seen unprecedented high multiples due to the pandemic.
14:44 - 16:22 (01:38)
Summary
The majority of companies expected to go public in the next year will likely be valued below their last funding round, while the current market has seen unprecedented high multiples due to the pandemic.
ChapterThe Importance of Stock Selection and IPO Ratchet
EpisodeE73: Late-stage VC markdowns and mistakes, market strategy, Ukraine/Russia update with Brad Gerstner
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Learn about IPO ratchets and how they are used in high priced rounds of company investment, and how they can impact an investor's stake in the company's IPO.
16:22 - 18:05 (01:43)
Summary
Learn about IPO ratchets and how they are used in high priced rounds of company investment, and how they can impact an investor's stake in the company's IPO.
ChapterThe Importance of Stock Selection and IPO Ratchet
EpisodeE73: Late-stage VC markdowns and mistakes, market strategy, Ukraine/Russia update with Brad Gerstner
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The absence of protective provisions in investments has led to a significant loss of value for both investors and companies, notably at Asicle.
18:06 - 19:20 (01:13)
Summary
The absence of protective provisions in investments has led to a significant loss of value for both investors and companies, notably at Asicle. This reveals the importance of stock and company selection to prevent investing in risky companies with unproven models and high valuations.