Underperformant billion-dollar companies and misconceptions about VC's dry powder

Underperformant companies valued over a billion dollars are dead until market clearing price is reached/nVCs do not have the raised money, it is with LPs/nLPs charge fees based on committed amount, but don't draw the money until needed/nPrivate company valuations are assessed using crude techniques/nLPs are often bonus on the paper mark and have no incentive to get marks right

Transcript

Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.