Imran Khan

But if you're really an active portfolio managers and you're trying to generate return, you have to

size them and you have to have an understanding okay is this stock's going to go x amount and it will generate x and y amount of return for my fund they have to get a certain amount of size for them to care about that position so that they can add more and that's why the pricing mechanism comes into the play i'm so enjoying this so we said about kind of the m a versus the ipo optionality in terms of liquidity the thing that people forget though is the lockout period

size them and you have to have an understanding okay is this stock's going to go x amount and it will generate x and y amount of return for my fund they have to get a certain amount of size for them to care about that position so that they can add more and that's why the pricing mechanism comes into the play i'm so enjoying this so we said about kind of the m a versus the ipo optionality in terms of liquidity the thing that people forget though is the lockout period

size them and you have to have an understanding okay is this stock's going to go x amount and it will generate x and y amount of return for my fund they have to get a certain amount of size for them to care about that position so that they can add more and that's why the pricing mechanism comes into the play i'm so enjoying this so we said about kind of the m a versus the ipo optionality in terms of liquidity the thing that people forget though is the lockout period

What determines the different length of lockup period? So the standard lockup is 180 days. And the reason they do that, they want to manage the oversupply in the market. Second, it also protects the banks that, hey, insider knows something. You want market to season out, right? The company reports two quarter numbers that helps educate the market and things like that.

What determines the different length of lockup period? So the standard lockup is 180 days. And the reason they do that, they want to manage the oversupply in the market. Second, it also protects the banks that, hey, insider knows something. You want market to season out, right? The company reports two quarter numbers that helps educate the market and things like that.

What determines the different length of lockup period? So the standard lockup is 180 days. And the reason they do that, they want to manage the oversupply in the market. Second, it also protects the banks that, hey, insider knows something. You want market to season out, right? The company reports two quarter numbers that helps educate the market and things like that.

A lot of the VCs, you know, I never like it, but a lot of the VCs push hard to shorter lock up. Hey, if the stock goes up a lot and stays up for a certain period of time, then we can sell. But I think that's the, if I were an operator or a banker, I would push back strongly against it because it sends a very bad message to the investors.

A lot of the VCs, you know, I never like it, but a lot of the VCs push hard to shorter lock up. Hey, if the stock goes up a lot and stays up for a certain period of time, then we can sell. But I think that's the, if I were an operator or a banker, I would push back strongly against it because it sends a very bad message to the investors.

A lot of the VCs, you know, I never like it, but a lot of the VCs push hard to shorter lock up. Hey, if the stock goes up a lot and stays up for a certain period of time, then we can sell. But I think that's the, if I were an operator or a banker, I would push back strongly against it because it sends a very bad message to the investors.

Because you're basically saying that you think the stock going to go up in a shorter term and it not going to stay there. And that's why your existing investors want to get out. What's the rush?

Because you're basically saying that you think the stock going to go up in a shorter term and it not going to stay there. And that's why your existing investors want to get out. What's the rush?

Because you're basically saying that you think the stock going to go up in a shorter term and it not going to stay there. And that's why your existing investors want to get out. What's the rush?

I think they're both right, depending on your duration, because they do have, you know, if you have a management company that you have 10 years of history and you understand how their ability to execute in difficult environment, if you have that understanding, that ability to pivot, great founders are very good at pivoting.

I think they're both right, depending on your duration, because they do have, you know, if you have a management company that you have 10 years of history and you understand how their ability to execute in difficult environment, if you have that understanding, that ability to pivot, great founders are very good at pivoting.

I think they're both right, depending on your duration, because they do have, you know, if you have a management company that you have 10 years of history and you understand how their ability to execute in difficult environment, if you have that understanding, that ability to pivot, great founders are very good at pivoting.

If you think about it, all the great business where they started and where they became is very different business. Google started as an enterprise search business. Netflix started as selling DVDs online, not even rental. You know, Amazon started as a bookstore business. So now look at all these businesses where they generate most of their money. It's completely different businesses.

If you think about it, all the great business where they started and where they became is very different business. Google started as an enterprise search business. Netflix started as selling DVDs online, not even rental. You know, Amazon started as a bookstore business. So now look at all these businesses where they generate most of their money. It's completely different businesses.

If you think about it, all the great business where they started and where they became is very different business. Google started as an enterprise search business. Netflix started as selling DVDs online, not even rental. You know, Amazon started as a bookstore business. So now look at all these businesses where they generate most of their money. It's completely different businesses.

So I think the great founders are great at pivoting. And so the risk with the business is any businesses is not either. Obviously, you have a near term risk, which everybody knows. The asymmetric understanding about the business that helps you to create long-term return, that is, you cannot quantify financially, is that a group of people's, their ability to navigate difficult environment.