Remove 1999 Remove Aggregator Remove Equity Remove Naming
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Customers Love Free Stuff … But That’s Not Your Problem

abovethecrowd.com

Also, take a look at this critically important data point , also aggregated by Professor Jay Ritter. He also says they need to be “must own” names. Are Asana, Palantir, ZipRecruiter, and Squarespace “must own” names? This data set looks at 8,610 IPOS over 39 years from 1980-2019. A DL would do just fine with a smaller offering.

IPO 82
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On the Road to Recap:

abovethecrowd.com

Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. In 1999, record valuations coexisted with record IPOs and shareholder liquidity. If 1999 was a wet (read liquid) bubble, 2015 was a particularly dry one. ” Go public.

IPO 40
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High Returns On A Small Fund Challenge Low Returns On A Big Fund

David Teten

Assuming you have a large amount of capital to invest, the relatively easy decision is to invest in one of the brand-name, multi-billion dollar VCs. The Economics of Private Equity Funds demonstrates that the VC industry survives mostly on fee-based income (of which larger funds have a proportionally larger amount).

LP 114