Christian Garrett

“You could not create stop signs and highway systems when the automotive car was first invented, right? You had to sort of see how the technology evolved And then you can figure out what regulations are needed. So that's definitely how this will play out.”

“A lot of that operates outside of that and is kind of a black hole and maybe not the best place to be in because you, one, don't collaborate with the company and then two, you don't have access to information. Right. And so and the third is potentially like …”

“Databricks just did that massive round, right. To convert and pay the tax bill for a lot of the RSUs.”

“SpaceX has raised ten billion dollars in primary over its, you know, 23 years of being around as a company. They've been running, you know, two tenders annually that, you know, total like more than a billion and a half dollars a year for a long time.”

“You want to think about the two dynamics around percentage of holdings and then total dollar size, right? And those are interesting, right? Like in some sense, if you sold five million bucks, but it's half of your holdings, right? Five million bucks at a certa…”

“The companies have compounded past, cash flow positive, they're not burning any cash, they don't need cash in the balance sheet, ah, and so they've been using tenders and liquidity as not just a tool, From an employee retention or recruiting perspective, but a…”

“Companies used to go public in, you know, three, three to four years you know, back just in the 2000, and that has progressively trended towards seven, 10, I think now on average companies stay private, you know, 12 plus years.”

“The number of publicly traded companies is more than halved.”

“Investor needs for liquidity sometimes will be a forcing function for companies to go public. Like I mentioned, not every company has the ability to run a liquid market effectively or a semi liquid market, like some of these companies we mentioned earlier.”

“What's, what's overrated? And I would say it was overrated actually is defense tech.”

“My grandfather was Bernard Garrett senior, who was one of the, who was the wealthiest black in the country in the fifties and sixties built his wealth through real estate and was the first black man owned banks in the country.”