Tech IPO Market

“I don't think we're going to see it. I don't think we earned it this year. I don't think we have so many. You're better than Figma. You're better than Netscope. It's a high bar.”

“Something a friend of mine used to say years ago, and it's always struck me, it's just so true, price clears all markets. In other words, if you're, you know, you can get deal, it's, what we're seeing it now is, you can't get your deal done at 25, which is the…”

“It is no longer a hundred million. It's two or three hundred million. It's growth. It's profitable or near profitable, but that's what it takes to get something done.”

“If I had to give it honest answer today, I think I say, I think it's going to happen, but it's going to be shifted six months. So I think it's going to happen in. 2025 because it's getting late.”

“Let me start by saying, since the chairman of the Fed can't predict the economy, I'm certainly not going to try, but I'm probably a little bit more optimistic. I'm probably closer to Jason, kind of back half of 24.”

“So to me, I actually think the markets are open. But people have to, you have to rip the bandaid off and not be wed to, you know, oh, but in 2021 I was valued at X. It doesn't matter. If you're a public company today, that's in the rearview mirror. The public …”

“And I may have the timing all wrong. I'm too optimistic, but I think there's 26 of them, which is one a week. I think there's 26 good companies at 200 that can IPO in 26 weeks in the back average.”

“I don't think it's going to be one a week in the back half of next year. I think it will open up in the half of next year and maybe the year after.”

“I think you will see. There's two things. I think that complex, cleaning up complexity is a great reason for the public market, and Brad already said, we've seen a massive recovery in, in software stocks, like the marks are better than they were two years ago.”