Circle

“Anka has previously made investments in the likes of Rome Research, Ate Sleep, Circle, which we did together, actually, Hone Health, and Maven, to name a few”

“Like twenty million shares, I think, were secondary, And, you know, at 50, 60 bucks of extra dollars a share, that's a billion dollars that went to the buyers, not the sellers.”

“It's just Circle and CoreWeave are the crazy ones, and they're at, I think they're at the edge of meme stocks, right?”

“Circles, the strongest IPO since 2020 and bluntly much needed positivity for the ecosystem in terms of public market response.”

“I don't for a second thinks any, I don't think anyone believes who's done any kind of math analysis that it's worth 57 times run rate 50 times run rate revenue. I don't think anyone thinks that.”

“And I've no doubt in my mind that when the other 80% of the stock comes off in six months, I don't think it'll be trading at 57 tons revenues.”

“Circle had net income of a hundred and fifty six million last year.”

“People are buying these stocks generally for a very different reason than, you know a meme coin, for example, or even GameStop back in 2021. I think they legitimately believe that these are going to be like gigantic industries.”

“This is a 13 year fund that is essentially going to do an extra three turns on the fund in its 13th year.”

“Our best companies that, you know, like Livongo and Circle and others, you know, Stripe and others, our first rounds were not 25 X. They were, you know, hundreds of X in terms of returns.”

“Yeah, that fund is one of our Two or three best funds, and just to tell you what was in it was Livongo was in that, Snap was in that, Circle was in that, Gusto I think I'm missing a few others. It's probably gonna end up being a, you know, 13 to 15 X fund.”