private companies

“I think one of the reasons that private companies work well and are working better and better is that the alignment of management and investors is more highly aligned in the private world than they are in the public world.”

“In the US, we have had that effect. As before today, I don't know where the market closed today, but it was up substantially, like, eight or so percent when I last looked. Before today, I think the market was down about 35%, so I wouldn't agree with your premi…”

“There's such a huge price mismatch between, let's say a company's last round of financing and what the macro Is that it's really difficult to invest right now simply because private companies lag public markets in terms of pricing by quite a bit.”

“Private companies are more volatile than public companies, in truth, we, like, pretend they're not at all volatile, and somehow their valuations are whatever happened in the last round some months ago.”

“I think there may be a certain set of companies out there that can pull off what you're talking about before. 99% of the companies out there. I think that's really difficult.”

“Our 11 largest defined, default defined contribution schemes have committed to committing five percent of their total assets to private companies by 20 30.”

“I think the opposite. The opposite. Because if you kind of relate to what I've said, you know, I feel like I was kicked in the head so many times by now that, okay, I get it. And I feel when you're private, you know, you can try and ignore what's going on and …”

“Most companies that are private probably have half their cap table that's sellers.”