The Diff

Share this post
Carta: Bringing Tech Companies Back to the Futuristic 1990s
www.thediff.co

Carta: Bringing Tech Companies Back to the Futuristic 1990s

Plus! Rogan -> Spotify, NYT 3P -> 1P, Conferences ,Theaters, Microsoft Build, Facebook Shops,

Byrne Hobart
May 20, 2020
Comment
Share

A few stylized facts that will surprise nobody who’s been paying attention to equities in the last decade:

  1. Companies used to IPO very quickly after founding, often in a year or two. Now, they wait a decade.

  2. 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’…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2022 Byrne Hobart
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing