← Changed Positions

Jason Lemkin on Tech IPO Market

839 days apart Revised

Lemkin's shift from predicting a wave of tech IPOs to a more pessimistic outlook reflects an evolving market forecast based on two years of new economic data.

THEN · Aug 11, 2023
0:00 / 0:10exact quote · 10.9s
NOW · Nov 27, 2025
0:00 / 0:08exact quote · 8.0s
“And I may have the timing all wrong. I'm too optimistic, but I think there's 26 of them, which is one a week. I think there's 26 good companies at 200 that can IPO in 26 weeks in the back average.”

Aug 11, 2023 · DEBATE: State of Seed Investing w/ Jason Lemkin, Sam Lessin, Frank Rotman & Harry Stebbings | E1047 · 20VC with Harry Stebbings Didn’t hold up full source →

“I don't think we're going to see it. I don't think we earned it this year. I don't think, I don't think we have so many. You're better than Figma. You're better than Netscope. It's a high bar.”

Nov 27, 2025 · Anthropic Raises $30B from Microsoft & NVIDIA & NVIDIA’s Core Business Faces TPU Threat · 20VC with Harry Stebbings full source →

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