public markets

also referred to as: public market

7 statements across 7 episodes · 1 bullish · 3 bearish · 6 people on the record · first statement Jan 2, 2019 by Danielle Morrill · across every show →

Everything said about public markets, oldest first

Jan 2, 2019 neutral
Opinion
Morrill: Public markets do not know how to value low-friction SaaS
“I think the public market doesn't even know how to value it, really.”
Danielle Morrill Jan 2, 2019 ▶ 24:22 a16z Podcast | Raising Money and Valuing Startups -- What Happens When Things Don't Go As Planned?
Jan 2, 2019 negative
Insight
Evans: Deal structure distorts headline private valuations compared to public markets
“When you put money into a private company, on the other hand, particularly at these late, with these late stage deals, you have a bunch of what tends euphemistically to be called a structure. Around it, which means you have things like liquidity preferences, a…”
Benedict Evans Jan 2, 2019 ▶ 21:43 a16z Podcast | The Rise of the Quasi-IPO
Jan 2, 2019 bullish
Prediction Not checkable as stated
Andreessen: M&A will surge and drive top startups to go public
“We've probably been in a slow period for M&A for a while, but there is no question there's going to be a lot of M&A in the years ahead, and the companies that have public currencies, they're going to be able to be the acquirers and able to get big and become m…”
Marc Andreessen Jan 2, 2019 ▶ 12:03 a16z Podcast | Startups and Pendulum Swings Through Ideas, Time, Fame, and Money
Apr 29, 2025 negative
What-if
Horowitz: OpenAI could not have completed its giant raise in public markets
“And then the public markets have become. I would say very difficult and dysfunctional to the extent that, you know, OpenAI just did a giant raise in the private markets, which I don't think they could have done in the public markets.”
Ben Horowitz Apr 29, 2025 ▶ 49:32 How Andreessen Horowitz Disrupted VC & What’s Coming Next
Aug 23, 2025
Assertion Not checkable as stated
Horowitz: Public markets value private equity on fee streams over returns
“The public markets value them on their fee stream much more than on their investment returns.”
Ben Horowitz Aug 23, 2025 ▶ 6:11 Ben Horowitz Shares the a16z Origin Story & Plans for the Future
Sep 4, 2025 negative
Insight
Casado: Public markets favor predictability over innovation, forcing incumbent defensiveness
“If you're in a large public company like I was, you realize that the public markets really care about predictability over innovation for sure. I mean, and so innovation is stifled so much. And in fact, it kind of causes large companies to protect themselves th…”
Martin Casado Sep 4, 2025 ▶ 46:02 Is Non-Consensus Investing Overrated?
Sep 10, 2026
Assertion Not checkable as stated
Verdian: One percent of public revenue growth equals three percent of EBITDA
“Our data shows one percentage of growth in the public markets is equivalent to three percentages of EBITDA.”
Aram Verdian Sep 10, 2026 ▶ 32:34 Why Investors Are Rethinking Everything for the AI Era
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