Animal Spirits Podcast Talk Your Book: The State of Venture Capital
Jul 9, 2022
Join Samir Khadji, CEO of Allocate, as he dives into the fascinating world of venture capital. With a deep background in finance, Samir compares today’s market to the late 90s, highlighting similar investor behaviors. He discusses the challenges of gaining VC exposure and the shifting dynamics between institutional and individual investors. The conversation also explores how Allocate is democratizing access to private markets and the implications for investment strategies amid current economic changes. Get ready for some insightful revelations!
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Amazon's Early IPO
- In 1997, Amazon went public after only three years, with a valuation of $400 million.
- Most of its growth occurred in the public markets, reaching a trillion-dollar valuation later.
Bird's Late-Stage IPO
- Bird Scooter, unlike Amazon, went public with a $2.3 billion valuation.
- This shift demonstrates how much value capture has moved from public to private markets.
Traditional VC Investors
- Venture capital's primary beneficiaries have been institutions like endowments, foundations, and pension funds.
- These institutions possess the resources and expertise to find, diligence, and meet high minimum investments.