Reinventing the Path to Public Capital

The current state of public market access for companies is flawed, necessitating a reevaluation of approaches such as SPACs and direct listings. There's a pressing need for innovative solutions to improve the fluidity of secondary markets, as many companies are constrained in their ability to access capital. Additionally, the ownership dilution caused by funding rounds significantly impacts investor equity, complicating the evaluation of potential outcomes for investments. As a result, meticulous modeling of valuations at each stage of investment is essential to understand the true worth of ownership stakes.