O'Driscoll: Death of IPOs severely harms venture capital allocation
Rory O'Driscoll · Rippling vs. Deel Lawsuit: WTF Happens Now? The Future of the Late Stage Private Market · 20VC with Harry Stebbings · May 22, 2025 · at 40:44
Rory O'Driscoll is a General Partner at Scale Venture Partners. He explains how private company illiquidity creates structural tension between venture GPs and LPs.
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“The death of IPOs is just bad news all around for capital allocation, because now as a GP, you're sitting there going, I want to hold this thing forever. My LP would probably like to get some liquidity. If it was public, I'd distribute, and I'd keep mine. They'd sell theirs. Everybody would be happy because everyone can make choice, and choice leads to optimal outcomes.”
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