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This is great news for Spotify, but a bit frustrating for me and I am sure plenty of others as individual investors. So many great companies I am passionate ab
by apapli 11y ago
This is great news for Spotify, but a bit frustrating for me and I am sure plenty of others as individual investors.
So many great companies I am passionate about are just too hard to invest in before they go public. And you're in way too late at IPO stage.
I keenly start following these types of companies a lot earlier than most of the general public, and I can bet I'm much more emotionally invested into seeing them succeed than a broker in a 100 story building ever will be. I understand their business models and want to give them money to help them grow.
SpaceX is one example - all the investment banks have first rights on new issues and even waving a respectable amount at them doesn't help. And it's too difficult to get a feel for whether you are getting a "fair deal" on second market so to me it's not really a viable option even though the service is good in theory.
Awesome, and frustrating, at the same time!
- dylanjermiah 11y ago>SpaceX is one example - all the investment banks have first rights on new issues and even waving a respectable amount at them doesn't help. And it's too difficult to get a feel for whether you are getting a "fair deal" on second market so to me it's not really a viable option even though the service is good in theory. Awesome, and frustrating, at the same time! Elon addressed this in the shareholder meeting today/yesterday. https://www.youtube.com/watch?v=Q60FOIV6Ew8 https://www.youtube.com/watch?v=Q60FOIV6Ew8 It's close to the end, during the Q&A.