Evans: Modern tech market ceilings expanded 100x over prior generations
Benedict Evans · a16z Podcast | The Rise of the Quasi-IPO · Jan 2, 2019 · at 26:26
Benedict Evans of Andreessen Horowitz explains why late-stage private companies can sustain rapid growth much longer than in previous tech cycles.
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“The opportunity that would have topped out at a half billion dollar company 15 years ago is now topping out at a fifty billion dollar company. You know, the scale of the business that it's possible to raise is so much bigger, and therefore the hyper growth period is much, much, much bigger. The period at which you are still going up 30, 40, 50% a year, every year, doesn't stop when you get to a hundred million dollars of revenue or a billion dollars of revenue. It stops when you get Five or 10 or 20 times bigger than that.”
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