People, every show

Steve McDermott

Managing Director, Venture Investing, Emerson Collective. On 1 show, 1 appearance. The Shows tab opens the full record on each.

investorexecutiveLinkedIn ↗emersoncollective.com ↗

He leads growth-stage technology and venture capital investments at Laurene Powell Jobs’ Emerson Collective. Previously, he served as a corporate development partner at Andreessen Horowitz, advising portfolio companies on private capital networks, fundraising mechanics, and navigating private versus public valuations.

What they said4 Shows1

Everything Steve McDermott said on any show that made the record, most notable first. Each card names its show and opens the statement there.

a16z Insight

Day-one IPO pops and pricing ranges are largely meaningless success metrics

“To evaluate the quality of an IPO based on whether it priced above or below the range, whether it had a pop on day one is, is largely meaningless.”

Steve McDermott Jan 2, 2019 ▶ 36:50 a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations

a16z Assertion Open · timeframe Nov 2015

Every private and public investor in Square made money despite valuation debates

“If you look back at the investors in every single round of private, as well as in the IPO, they all made money.”

Steve McDermott Jan 2, 2019 ▶ 40:42 a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations

a16z Assertion Not checkable as stated

Annual revenue growth exceeding 50% places public companies in the top tier

“When you look across the public landscape, you're growing at 50 plus percent is, puts you in the very top tier of public companies.”

Steve McDermott Jan 2, 2019 ▶ 27:39 a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations

a16z Insight

Public investors evaluate companies on shorter horizons than private investors

“So really one of the very big differences that private investors think about is, is looking out over a much longer term time horizon to look at a normal, a steady state business versus Public investors that, you know, may look out 12, 18, maybe 24 months in so…”

Steve McDermott Jan 2, 2019 ▶ 28:52 a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations

One line per show, most statements first. The link opens Steve's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

Show	Role there	Eps	Statements	Record
a16zLEDGER	Managing Director, Venture Investing, Emerson Collective	1	4	—	full record on the a16z Podcast →