3 ms·
I am partially gussing here, but... They weren't old enough by 2020/early 2021. Series A was 2012. It's usually 10 years after that you need to IPO. So the ex
by treffer 4y ago
I am partially gussing here, but...
They weren't old enough by 2020/early 2021. Series A was 2012. It's usually 10 years after that you need to IPO.
So the expected IPO would be 2022. Bad timing/luck.
Similar for those option plans. Planned IPO +2 years should OK. Unless it hits you like the last 2 years.
- looping__lui 4y agoCan you provide specific data points and examples for this 10 year hypothesis?
- treffer 4y agoThis is the normal runtime of venture funds. I am not sure if the last chapters of "The hard thing about hard things" or "Venture Deals" had more details. So you can expect Series A with fresh funds and money (10 years runtime left).
- looping__lui 4y agoSo 7 years would have “been to early” (e.g., like Meta did it and we all know how that ended…)? Or 5 years in the case of Google? Or 2 years for Amazon?
- thebigspacefuck 4y agoCheck page 5 of this doc https://site.warrington.ufl.edu/ritter/files/IPOs-Age.pdf https://site.warrington.ufl.edu/ritter/files/IPOs-Age.pdf Around year 2000 median age was 4 years, 2001-2009 was 8-9 years and since 2008 median age has been 9-14 years with the majority more than 10 years.