4 ms·
Public markets have the same incentives, as long as there's growth stonks go up. Late stage firms have relationships with banks and the return of SPACs made dum
by m_ke 5y ago
Public markets have the same incentives, as long as there's growth stonks go up. Late stage firms have relationships with banks and the return of SPACs made dumping roided up donkeys easier than ever.
- nbstme 5y agoWarren Buffet claims that his mentor Benjamin Graham once wrote: "In the short run, the market is a voting machine, but in the long run, it is a weighing machine" In the long run, fundamentals matter, and only the best business thrives.
- m_ke 5y agoYes but VC funds have a fixed window, their goal is to deploy their money in the first 3-5 years and show returns in under 10.