Gavin Baker
speaker
2,717 appearances
14 recordings
4 series
first heard Dec 2024
last heard 26 Jun
Gavin Baker’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Jun 2026 with 6.
Appearances
Half of what we do is in the public markets.
Gavin and I get up every morning and we think to ourselves, should we buy today or should we sell today?
Venture capitalists don't think about the sell part.
They think about the buy part.
So if we're going to stay private for longer and we're going to have trillion-dollar private companies and Databricks at $200 billion, you've got to think about, is today a day we should be selling some and returning it to our investors?
Well, no, in the private- Sorry, in the publics, nobody knows.
In the publics, they don't know until our 13F comes out, okay?
But in the private market, it's always a conversation between me and the founder to say, listen, we're going to sell 30% of our position.
They never like it, Chamath.
They're always like, we wish you wouldn't do that.
They don't want it known, et cetera.
But my job as a fiduciary to the LPs in this room is to do that.
Are we closer to correctly pricing them?
I mean, Gavin and I have been doing this 25 years.
There are moments that the public market is undervalued relative to privates and moments where privates are undervalued relative to public.
Right now, everything in the world of technology is pretty fully valued.
You can't have the parabolic moves we've had and think that everything is cheap.
That's not to say that we're not going to go higher, but when you've been punched in the face as many times as all of us have over the last 15 years in technology, we know it's a jagged line up and to the right.
So for the retail investors, so long as they have staying power, so if you're going to launch a product, as long as the retail investor can stay in that product through the drawdown,
They're going to do fine.
Showing 1621–1640 of 2,717 · page 82 of 136
← Previous
Next →