| ▲ | panopticon an hour ago | |
> Wouldn't VCs value the liquidity of being able to flexibly enter and exit positions? Everyone's eager to get a slice of these pre-IPO companies, and the marginal utility of having it be more liquid on the public markets probably doesn't outweigh the legal requirements behind going public. It's not like VCs are stuck holding the bag until an IPO these days. I'm not sure why that changed, but it's probably not healthy. | ||
| ▲ | Karrot_Kream an hour ago | parent [-] | |
> Everyone's eager to get a slice of these pre-IPO companies I know plenty of companies that are failing on VC dime, whose investors can't sell their equity. I disagree that everyone wants a slice of these companies. It's not clear to me whether it's a net win for VCs to hold onto illiquid investments for so long (meaning I can see both the upsides and the downsides.) | ||