Zombiecorns
topic on 3 shows · 5 statements across 3 episodes
BG2 Pod 
Capital Allocators 
All-In
5 statements about Zombiecorns, every show
Gerstner: 80% of current unicorn startups will never regain peak valuations
“Lots of people talk about the zombie corns, right? We have a thousand companies that are, that were unicorns. A lot of those will never get back there. I've said, 80% of those companies will never get back there.”
Gurley: Large endowments are holding zombiecorn startups at unrealistically high valuations
“And by the way, you talk, if 80% of the zombie corns are never going to get out or are going to get out at reduced prices, I'm telling you flat out, those are being held on the large endowments, you know, as LPs at unrealistically high prices across the board.”
Gurley: Requiring $500M revenue for IPOs will create excessive zombiecorns
“If that becomes true, if that kind of Path dependency is, is cast upon every venture capital company that comes along. You're going to end up with an excessive amount of zombie corns because previous to this evolution in the late stage markets, plenty of compa…”
Sebusch predicts many late-stage venture unicorns will become 'zombie corns'
“In the late area, there's a lot of unicorns that are going to be zombie corns, right? And that's part of our job of trying to ascertain and understand what those portfolio looks like.”
Friedberg: Talent fleeing late-stage startups will fuel an early AI bubble
“Is a lot of these, I'm calling them zombie corns, are going to see this kind of mass exodus of talent. And a lot of the investors that don't know how to price stuff and don't want to deal with recaps in the late stage are diverting their attention to seed and …”