In most of the endowment world, you see ten to 20 per cent in private markets. A foundation in pittsburg that has something like ninety per cent of their capital in private markets is probably forty or fifty per cent in venture. It was set up in such a way that they pass on the capital to other institutions that have smooth spending roles. And they they're just there to grow the base and get highr returns. Sois a kind of a two poor question. What’s the impact of go people going public earlier after we just had massi yoshisan taking people public privately with his fund? It's two really weird events that nobody anticipated....
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