“When you look across the public landscape, you're growing at 50 plus percent is, puts you in the very top tier of public companies.”
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More from Steve McDermott
Insight
Day-one IPO pops and pricing ranges are largely meaningless success metrics
“To evaluate the quality of an IPO based on whether it priced above or below the range, whether it had a pop on day one is, is largely meaningless.”
Steve McDermottJan 2, 2019▶ 36:50a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations
AssertionOpen · timeframe Nov 2015
Every private and public investor in Square made money despite valuation debates
“If you look back at the investors in every single round of private, as well as in the IPO, they all made money.”
Steve McDermottJan 2, 2019▶ 40:42a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations
Insight
Public investors evaluate companies on shorter horizons than private investors
“So really one of the very big differences that private investors think about is, is looking out over a much longer term time horizon to look at a normal, a steady state business versus Public investors that, you know, may look out 12, 18, maybe 24 months in so…”
Steve McDermottJan 2, 2019▶ 28:52a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations
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