$100B Venture IPOs Will Remain Rare Generational Outcomes Through 2035
Miles Dieffenbach · Miles Dieffenbach: Inside Carnegie Mellon’s $4BN Endowment & The Math Behind DPI, TVPI, Illiquidity · 20VC with Harry Stebbings · Aug 4, 2025 · at 40:17
Miles Dieffenbach, Managing Director of Investments at Carnegie Mellon University, forecasts expected exit sizes for late-stage venture companies over the next decade.
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“So, so my guess is that a hundred billion dollar IPO over the next 10 years is still going to be a generational outcome. And so the question I throw back is, you know, do you think there's going to be 10, 20 A hundred billion dollar plus IPOs. I do not think so.”
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