The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

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Liquidity, unicorns and secondaries concerns

Alex worries many unicorns won't IPO, criticizes large secondaries and highlights moral hazard from early liquidity.

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