Remove 1999 Remove Aggregator Remove Entrepreneur Remove Internet
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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. The same thing happened to many Internet stocks. In 1999, record valuations coexisted with record IPOs and shareholder liquidity. Entrepreneurs/Founders/CEOs.

IPO 40
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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. Hambrecht and Quist (based in San Francisco) which was one of four investment banks that catered to the entrepreneurs and VC-backed companies through the late 1990’s. This data set looks at 8,610 IPOS over 39 years from 1980-2019.

IPO 82