Friedberg: Roughly 65% of post-2020 IPO/SPAC companies trade below private capital raised
David Friedberg · David Friedberg — How Technology Solves Our Climate Crisis · Feb 15, 2023 · at 38:20
David Friedberg explains the extent of the market valuation reset across both SPACs and traditional IPO tech companies.
0:00 / 0:21exact quote · 21.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“65%, roughly, of companies that went public since twenty-twenty, whether that's through SPAC or IPO, 65% are trading below the total cash they raised as a private company, as a tech, as a, by VCs. So they're so low in value in aggregate that they're actually worth less than the money that went into them.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from David Friedberg
Friedberg: Plant-based meat companies function like luxury goods brands
“So what I've told people is that these businesses are like luxury goods brands. You know, you can buy a purse that carries your stuff, or you can buy a Louis Vuitton or Gucci purse and then feel good about carrying a Louis Vuitton or Gucci purse and be like, l…”
Friedberg: Climate tech scales through economic superiority, not planetary virtue
“Those technologies are not just about doing good for the planet. They're just better business sense. And what I mean by that is they make stuff that's cheaper and better than the traditional way of making stuff or doing stuff. And if it's cheaper, if it's a be…”
Friedberg: Replacing conventional meat requires cheaper, chemically identical alternatives
“The way to replace the solution is to make ground beef that's chemically identical, meaning it's the same product and it's made cheaper. And you just don't happen to use animals.”
Friedberg: 90% to 95% chance scalable fusion exists within two decades
“I would say there's probably a 90 plus percent chance or 95% chance that we will have scalable fusion energy in the next decade or two”
Friedberg: Forecasts Project 90% of Global Population in Africa and South Asia by 2100
“There's about 95% of the world's people at the end of the century, based on recent population forecasts, call it 90% of people, that will live in Africa and South Asia, ok? 10% of the people will live elsewhere.”