Alex Rampell
👤 SpeakerAppearances Over Time
Podcast Appearances
Many of them are shrinking.
Many of them are shrinking.
So probably of the unicorn class, I would bet that maybe 5% will ever be able to go public, which is kind of...
So probably of the unicorn class, I would bet that maybe 5% will ever be able to go public, which is kind of...
Shocking, right?
Shocking, right?
And then because so much money has gotten into venture capital, you have this problem of, I mean, I will say on the record, I hate massive secondaries because it kind of turns you from the Catamana Cristo to like the, you know, whatever the opposite of that would be like the, I'm now going to go vacation in the Cote d'Azur or something like that.
And then because so much money has gotten into venture capital, you have this problem of, I mean, I will say on the record, I hate massive secondaries because it kind of turns you from the Catamana Cristo to like the, you know, whatever the opposite of that would be like the, I'm now going to go vacation in the Cote d'Azur or something like that.
That's going to now say, I am now at a fundamental disconnect from my employees and my investors because I'm rich and they aren't.
That's going to now say, I am now at a fundamental disconnect from my employees and my investors because I'm rich and they aren't.
That's not a good setup.
That's not a good setup.
You kind of want everybody to be in the same boat.
You kind of want everybody to be in the same boat.
The reason why I mentioned that is like you have some companies where it's like, you know, founders taking a $50, $100 million secondary.
The reason why I mentioned that is like you have some companies where it's like, you know, founders taking a $50, $100 million secondary.
That's fine if they just turned down a $10 billion acquisition from Google and they're the Count of Monte Cristo and they want to go for it.
That's fine if they just turned down a $10 billion acquisition from Google and they're the Count of Monte Cristo and they want to go for it.
Like, OK, that can make sense to me.
Like, OK, that can make sense to me.