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Marc Rubinstein of Net Interest on the Fed, Markets, Fintech, and the Economy (EP.197)
Panic with Friends - Howard Lindzon
Is the Private Market Going the Other Way?
I thought the private markets would react much quicker to the ipo melt down, an the spack melt down. In fact, what's happened, and that could change to morrow, is that prices in the private market kept going up. I'm seeing even a scarier phenomenon, and i hope i'm wrong, is that ther're still people willing to write these checks into private companies at ever higher and higher valuations. And so you get this lot of companies for a decade that just go nowhere. But they're priced at a point where no one will take em. A but again, it's not a bad thing. Most of after pay's value was created in the public
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