Individuals

“That level of frustration will eventually drive more individuals, I think to do this. Right. And so there's definitely, definitely some like safety, there's huge safety concerns. There's ethical concerns. There's, these are things that we have to work through,…”

“30 years ago, so in 19 nineties, say, the late eighties, 1990 the still 50% of the capitalization on the U.S. Stock exchanges were held by individuals directly.”

“Most institutions fill a bucket. They say, I want to invest X amount in private equity or private credit. Individuals don't. They just want to know, What are the absolute returns?”

“In venture, it's so beholden, I think, at least to individuals and individuals can walk out the door and they can go raise a 102 103 104 hundred million dollars. And like, effectively compete with you in some way, shape or form.”

“We've always wanted to be sort of a co-star in the movie. We didn't want to be the star of the movie, and we wanted the individual to be the star”

“It's also an argument that makes sense when you start to consider these interventions at a population level, because at a population level, we're all a statistic. But at the individual level, we only have one life. You know, if we lose that one, we don't get a…”

“I think it's a permanent shift. I think there's a movement in this country that has started and is continuing to have more of the investing done by individuals directly.”

“If you just look at the statistics on this, the percentage of ownership of tech stocks by individuals has dropped like a rock since 2000. It's basically now all funds”

“Funds are inherently more conservative than individuals because funds have, you know, they feel like they have a responsibility to be sober, and so they're not that excited about the next hot IPO.”

“91, two, three percent would be done by individuals, and they bought or sold stock every year or two, and almost exactly half of their trading was done In odd locks of AT&T common stock.”