Private markets are bigger than ever. Total private markets assets under management reached around 12T. No wonder more companies are deciding to stay private for longer

🇧🇷🇺🇸 - Book: Making Things Think: https://holloway.com/mtt Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph

the IPO market was basically handicapped for the last decade so it’s kept more companies private by default 

private valuations have gotten so high that it’s softened retail demand bc most of the upside has basically already been realized in private markets

Anything to make sure that wealth inequality is terrible right

Between the last regulatory regime and the cost to go public, it’s really no surprise. The only people hurting are VCs just playing the waiting game.