Late Stage Startups

“We're gonna see this exact same thing play out right now, where there's companies that are around this valuation now that, that three years from now will sell at a 90% discount.”

“If I was a top tier engineer or almost any, anyone that wanted to kind of have the comfort of a later stage company, I might only join someone with a perfected tender offer program. I mean, I wouldn't even bother for anything else.”

“Those companies absolutely do not have four years of runway. I will bet dollars to donuts. They have two years or less.”