Public market investors do not anchor IPO valuations on prior private rounds
Nicole Irvin · a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations · Jan 2, 2019 · at 2:03
Nicole Irvin, part of the Andreessen Horowitz corporate development team, discusses how public market investors evaluate companies during an IPO compared to private venture capitalists.
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“Public investors aren't actually anchoring themselves on previous rounds of valuation, and they don't have visibility into what the business looked like at that, at those points in time, and also what the business forecast looked like at that point in time.”
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