Evans: Tech companies now IPO too late for public investors
Benedict Evans · a16z Podcast | The Rise of the Quasi-IPO · Jan 2, 2019 · at 10:13
Benedict Evans, tech analyst at Andreessen Horowitz, explains why growth investors are increasingly participating in late-stage private rounds instead of public tech IPOs.
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“And it used to be that they go public early on the curve, and there's way more growth to come, and now they're going public when they're almost at the end of the curve, and so if you buy it in the IPA, well, you've kind of got all it's ever going to be.”
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