Porter & Co. Black Label Podcast

Matt Milner - Private Markets Pros and Cons

Jan 23, 2026
Matt Milner, Editor-in-Chief of Crowdability and private markets advisor, offers a concise mini bio and practical market access know-how. He discusses how Crowdability secured SpaceX shares. He explains why companies stay private longer. He outlines three ways to access private markets and the risks of secondary platforms and SPVs. He touches on portfolio allocation for alternatives and a picks-and-shovels AI IPO to watch.
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ANECDOTE

Buying Trophy Assets During Inflation

  • Porter described buying trophy Argentine properties and leveraging them to profit as the currency collapsed.
  • He compares that strategy to what investors might need to do in a high-inflation US scenario.
INSIGHT

Printed Money Warps Politics And Markets

  • Porter argues monetary expansion drives political and economic decay, likening the U.S. to Argentina.
  • He believes printed money inflates asset prices and enables outsized equity returns for those using leverage.
ANECDOTE

SpaceX Gains For Early Private Buyers

  • Crowdability helped Porter readers access SpaceX shares on secondary markets and those shares rose 2–4x.
  • Matt says SpaceX later traded around $400, implying a massive private valuation leap.
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