NASDAQ

“Well, NASDAQ's chip index, This is called the Philadelphia Semiconductor Index. It's down over 20% over the last month. That's bear market territory, obviously.”

“The South Korean memory chip giant SK Hynix made its NASDAQ debut today raising 26.5 billion dollars in the largest ever first time U.S. Share sale by a foreign company.”

“SpaceX recently went public on the NASDAQ. With the ticker SPCX in the largest IPO in the history of the stock market. It was, the IPO was priced at a dollar 35, but the markets opened at a dollar 50 and closed at just over a dollar 60. That's almost 20% rise …”

“Internet's down 16%. Software's down eight percent on the year. You know, SPY and NASDAQ are up, but really up because of their components that are related to AI and compute.”

“There was that study that showed if you bought, I'm sorry to interrupt, but if you bought the NASDAQ over a 10 year period, you get like a three X multiple or something quite significant. If you just rebalanced every year on the top 10 companies in the NASDAQ.…”

“SpaceX accelerates IPO timeline targets June 11th, Pricing on the NASDAQ.”

“This would, I imagine get them allocated into QQQ really quickly. And I know that was a priority.”

“Outside of Alphabet, so many of the Mac sevens have underperformed the Nasdaq by a lot. And in fact, three of them are down year to date.”

“It was sold last month for thirty-nine million dollars to American Exchange Group. The stock having slumped more than 99% since its flotation on the NASDAQ in twenty-twenty-one.”

“Brokers and exchanges want to take those and support those tokens and trading on those tokens and distribution of those tokens. So NASDAQ, New York Stock Exchange, all of them, they're all doing this as we speak.”

“By the way, the company went public in 2019 and is listed on the NASDAQ.”

“And so we have shut down so far about a dozen of them to protect American investors from getting into it.”

“If you take the market cap of, you know, the private markets valued above a billion dollars, you know, we could argue are some of them overvalued, undervalued but that whole value in aggregate Is like three and a half trillion dollars, and that's like 11%, thr…”

“PLCs, or companies on the NASDAQ, or the, you know, stock exchange, are incentivized to behave like psychopaths, because they're optimized around short-term transactional value, not long-term relationship building.”

“If you looked at 2022, the S&P was down 20%. The NASDAQ was down 30%. Let's say private equity lives somewhere between those two worlds. Private equity was flat for the year.”

“Just put the rest into NASDAQ, and you're gonna make more than most VC funds anyway”

“Like, if you look at the NASDAQ, about 30% of the NASDAQ by market cap were early Sequoia, you know, companies.”

“Currently not, no, they're still all there, and the biggest one has 300 employees makes seventy million revenues with a SaaS model, and serves the likes of OpenAI, and Uber, and Nasdaq, and UPS in brand management”

“The companies in which we were private investors when they were little companies today account for over 30% of the total value of the Nasdaq.”

“If we succeed, if the protocol is awesome and globally synchronous and super fast, Nasdaq would make more money by just running a Solana node and integrating with it more directly.”

“We're never going to build an exchange that is onboarding U.S. Institutionals and serving U.S. Customers. We want NASDAQ to do that and to run it on Solana, and that would be great.”

“When I became CEO, we had about two and a half million billion dollars in revenue. Today, or as of the end of last year, we had a little over two and a half billion dollars of EBITDA.”

“We provide our technology to our 17 markets, And we sell it to a 135 other markets around the world.”

“So our index business now has about seven hundred billion dollars of assets under management that are tied to those great innovators, in addition to creating better abilities for companies to navigate the public markets and investors to find find investments.”

“So this morning we announced that we're going to be bringing tokenization into our markets, so making sure that equities are tokenized and traded on market, in the markets, not in a side sleeve, but actually in the core markets.”

“We announced several months ago that we're moving to 24 five.”

“Today, we had ninety-five billion messages come into our systems today, and we had a median, you know, return time of 20 microseconds on from order to trade.”

“I think what's held us back is the lack of regulatory clarity.”

“We've moved our markets to cloud.”

“I would say that what we would want to do is really work with our institutional clients because they also have not been able or willing to play in the markets.”

“If you buy just the top 10 companies in the NASDAQ and you just held it, You would have made a 24 X multiple over a 24 year period versus if you had just bought the NASDAQ.”

“The median returns of venture are not as good as NASDAQ. The average VC doesn't even double their investors' money and it takes 15 years.”

“The day the Nasdaq fell apart. The day we were sitting in Goldman Sachs and the woman across the table was contemplating giving us thirty million dollars on a hundred and ten million dollar valuation for a company that had never made a penny.”

“If you buy just the top 10 companies in the NASDAQ and you just held it, You would have made a 24 X multiple over a 24 year period versus if you had just bought the NASDAQ.”

“If you look at the data, the recent data, say over the last decade or so, you don't want to be the average venture fund. You'd be a lot better off just being in the NASDAQ or in some other public stock market index, because A, your returns would be higher, and…”

“You can do NASDAQ or New York Stock Exchange virtually exactly the same, except with the New York Stock Exchange, you get the ring the bell. That's why we picked New York Stock Exchange.”

“If you wanted to build something like the Nasdaq exchange on chain, there's no way you're doing that on Ethereum one. You probably need a blockchain that has the kind of the level of performance that a Solana or a Sui or some of the other kind of More modern o…”

“And then in March, 2000, as you were saying, Nasdaq started to go down, down, down, down, and the market disappeared in the world for a few years in Latin America for almost a decade.”

“There was a company called Arbor Photonics, which is rebranded as Enlight. That company is actually publicly traded on the NASDAQ. We got a 90 X return on that investment. So we invested 50 K, right? And now it's the it's post exit was at four hundred fifty mi…”

“If you look at last year, twenty-twenty-four, the NASDAQ was up 30%. And the window was closed or that seems to be the general belief of everyone out there. Never in my history of paying attention to the capital markets or being in venture capital. Do you have…”

“The percentage of the company's free float that is turning over in a given day is higher on the FTSE 100 than it is on the S&P 500 or the NASDAQ.”

“Capital market, you know, and this is the thing that is sort of forgotten in, for most of the first few weeks of January, we were the largest equity capital market in the world by capital raised, ahead of NASDAQ.”

“And the first leg of that, I think the NASDAQ's down about 10%. Since that moment, I think a lot of the components of the NASDAQ are down much more, 20, 30%, right, since that moment.”

“But the guy ends up, Andy, selling 70,000 bikes in four years. And a few months ago I think it was in September. He had the audacity to take the company public. And so it goes public on the NASDAQ. And it's I think the ticker is F L E Y.”

“I think Raj said they traded 10% of the volume of the NASDAQ.”

“Sequoia has helped capitalize companies that now represent 3.3 trillion of market value. 33% of the Nasdaq.”

“You know that on the NASDAQ, they have a rule where even if your server is closer, there's a thousand feet of cable between you and the main server, no matter what. So that everyone has a level playing.”

“I don't expect a 25% up year for a broad-based index.”

“I'm long gold. I'm long Bitcoin. I think commodities are so ridiculously under owned. So I'm long commodities. I think most young people find their inflation hedges via the NASDAQ. That's also been great. It's probably some combination. I probably have some ba…”

“Because you have to be in basically the top two funds, five funds, to beat the returns you make just by buying an index of the NASDAQ.”

“The returns need to just look like about the NASDAQ. It just needs to be, it just needs to be roughly in line with the NASDAQ for them to continue to raise. And by the way, that's true for all of venture. That's true for all of venture, which again is why, lik…”

“It was about sixty million in revenue, real revenue. At that time there was no ARR, there was no GMB. We wish we knew GMB. Maybe the company would have been listed at a higher valuation. And about eight million dollars in actual EBITDA, right?”

“I think that the duopoly hasn't created enough competition. So the NASDAQ and New York Stock Exchange haven't innovated. And in fact, they've probably been a little regressive.”

“There was a survey done recently that showed, I got to find some of this data, but it showed the cost of going public on NASDAQ, Amex, or the New York Stock Exchange was about 7.4 million dollars. Cost of going public through an over the counter bulletin board…”

“There are more brands franchised than there are stocks on the NASDAQ.”

“Meta, Nvidia up 30, 40% even with the pullback that we had today. But the truth is the Nasdaq hasn't really moved that much. I mean, I think we're up three or four percent through today. If you look at the median stock, I think it's up about one percent.”

“I just find it much easier for me and my personality to I think generate alpha on the private side. I mean, the public side is always becoming more competitive. You think, if you think venture is competitive, try making alpha versus you know, the NASDAQ, right…”

“Within 20 minutes of me getting my hands on that portfolio, I had sold 99% of the equity positions because in my sense, they had drunk the Kool-Aid and had a NASDAQ Laden portfolio at a time when those prices just made no sense to me whatsoever.”

“I built a stock exchange, literally the same regulatory category as NYSE or NASDAQ. I spent 10 years of my life getting the regulatory approval to do it.”

“It is a brutal, terrible industry where if you actually saw the numbers, most VC firms underperformed NASDAQ.”