private company

“But if a company does a private round, Add a valuation of a billion dollars. You don't know what any of the financials look like. And so it's too easy sitting on the outside to say, well, that's a good run, but that's a bad number. You're actually, to be corre…”

“When a private company is looking at building a board, they are looking to you know, to bring in that skill set and bring it in at a level that's, you know, two or three times beyond where that company is now.”

“In a private company, you care about the E, the earnings. In a public company, you care about P.E. And if you have volatile earnings, your shareholders don't like that. They reward you with a lower multiple.”

“And I think the government is particularly Ill suited to do the latter, particularly over time. It's just not a good government function, but they're very good at setting the rules because they can enforce the rules. So I think that that's kind of a combinatio…”