Carta: Bringing Tech Companies Back to the Futuristic 1990s
Plus! Rogan -> Spotify, NYT 3P -> 1P, Conferences ,Theaters, Microsoft Build, Facebook Shops,
A few stylized facts that will surprise nobody who’s been paying attention to equities in the last decade:
Companies used to IPO very quickly after founding, often in a year or two. Now, they wait a decade.
In that decade, many early employees are stock-rich and cash-poor. Many investors love early-stage growth stocks and would prefer to invest when they’…