Nasdaq

“The fact that we didn't start managing money till March one of 2000, like almost right on top of the NASDAQ high, really framed our investment approach for years to come, and I think it served us well”

“We had actually received a verbal acquisition offer in early stages discussions for a buyout by AOL at the time, which is, you know, AOL at that time was massive, but we ended up turning it down and just focused, you know, we thought we were going to do much b…”

“Last week, I did a post on Tesla, a story in pictures, which was kind of a brutal and cruel assessment of everything you're going on at Tesla, including, by the way, a chart on CEO compensation that shows how much Elon Musk gets paid for a loss-making enterpri…”

“It's interesting that if you go look at the biotech industry relative or any of the small cap biotech industries relative to the NASDAQ or relative to the S&P, they've underperformed the NASDAQ, so they've underperformed tech the last four or five years. They'…”

“We are a national securities exchange. We're in the same regulatory category as NYSE or NASDAQ. So this is on an alternative exchange or a venture exchange.”

“We were the only venture company to have backed them, and then they became profitable very quickly after exiting our program. They were as profitable as NASDAQ was for a couple of years in there.”

“Started raising the fund in the end of 99 and closed on one hundred and fourteen million dollars in March of 2000. Right when the NASDAQ hit the peak of 5000.”

“If you looked at 2022, the S&P was down 20%. The NASDAQ was down 30%. Let's say private equity lives somewhere between those two worlds. Private equity was flat for the year.”