growth companies

“All growth companies, the average time to becoming public has gone way, way, way up. That means that the great public has been blocked out of the ability to invest in growth, and everyone, I'm sure your listeners know this phenomenon very well, but it's a trav…”

“Given how low rates have been, and indeed how tight credit spreads have been, private equity firms have had an enhanced ability to buy growth companies and take them private. We've also had a world where, frankly, the big dominant companies have bought a lot o…”

“1015 years ago, a growth company was very unlikely to be dislocated by a new company. A five-year-old company being dislocated by a new company, probably not happening. Now happens all the time.”