Trends in Recent Mergers and Capital Market Challenges

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Recent failed or cancelled deals between companies highlights the challenges in the M&A market, particularly for early stage venture capital businesses. The lack of viable M&A paths leads to less than 20% of outcomes, making IPOs the primary path to liquidity. However, the current state of the US capital markets poses challenges for IPOs, with banks unwilling to underwrite, inadequate stock research coverage, and constrained profitability for banks. This situation raises concerns about the future, as it may lead to companies remaining private for extended periods, creating a chilling effect for potential investors. To address the situation, changes are needed in the rules of the capital market to incentivize banks to underwrite companies for public offerings.

(0:00) Bestie intros: Jason comes in hot, All-In's new Chairman Dictator, Holiday party recap, and more

(7:54) Understanding the trade disruption in the Red Sea: Houthis, global impact on trade, the dicey geopolitical situation, and how this compares to COVID freight prices with Flexport's Ryan Petersen

(35:55) Major M&A deals called off, downstream impacts of a hawkish regulatory environment

(54:15) The new era of startup building: less capital raised, less overhead costs, more profitable, smaller exits with higher founder/employee ownership percentages

(1:17:01) Bombshell class action lawsuits against the NAR and other real estate brokerages, how this could change residential real estate in the US

(1:31:58) Colorado bans Trump from primary ballots

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