David Hoffman
👤 SpeakerAppearances Over Time
Podcast Appearances
This is also such an indictment of our public markets today in the US, which is the vast majority of the growth, the most exciting companies, the DecaCorns and Future Unicorns are now happening privately and retail does not get access because of accredited investor laws.
So Amazon-
Contrast that, 1990s.
Amazon, if you bought at IPO, at IPO, and held all the way to now, that would have turned, let's say you had $1,000, you did that, $1,000 into $2.88 million.
Okay?
Almost a 3,000x return.
Returns like that just aren't existing as these companies are IPO-ing later in the cycle.
So, cool.
And also, I'm pretty frustrated by that.
I couldn't get it in either of these companies.
You sure about this?
Let me tell you, man, there were some good ones.
Like, I enjoy April Fool's.
I just like it.
It's fun.
MetaMask had a good one.
They released MetaMask TradFi mode, which you can activate on your wallet and it slows everything down.
The app shuts down at 6 p.m.
Banker hours only.
I thought that was pretty clever.