Trillions of dollars in value has been accruing in private markets: - A 75th percentile tech IPO lists at $3.5B - The ten companies on this chart cleared that by 12-500x in private rounds Full piece from a16z's @jkhamehl on why most portfolios have no exposure to this: https://a16z.news/p/catching-the-venture…

@1d ago

Catching the (Venture) Bus The brain of a venture capitalist can be succinctly summarized as: In venture, no one talks about the mistakes of commission: investing in companies that didn’t return as promised. There’s no