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Direct listing rule change, Notion AI demo, NYE planning & more | E1646
This Week in Startups
What's the Primary Complaint About IPOs?
Banks really control the pricing and that lets insiders benefit maybe more than investors and founders and employees so traditional IPOs the bankers get to make too much money. Bill Gurley has said if you can get the company out by a direct listing and everybody can trade the shares immediately that's unquestionably better for the shareholders who built that company. This six month lock up period after an IPO is not applied equally not everybody else or buy by, all the fees and then all the fees the fees are crazy right exactly the banks chargeso you should be able to just list your shares on Robinhood like and Etray.
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