Content
@
0 reply
1 recast
1 reaction
Ben - [C/x]
@benersing
Yes, it's a sample size of 1, however Apple's timeline makes me wonder if the typical 10 year closed-end fund lifecycle is fully optimized.
4 replies
3 recasts
27 reactions
Mike Fiuk
@michalfiuk
Another way to look at this is if you'd want the same allocator (GP/fund) making public equity investments as you would Seed/A/B? That's effectively what you'd be advocating for in holding positions past the IPO - if you hold there, you're effectively supporting your venture GP being a public equity trader w/ alpha.
1 reply
0 recast
1 reaction
Ben - [C/x]
@benersing
Its a good question. In general I’d say “no.” However it's different continuing to hold the asset into public markets v making net new public equity investments. Today venture firms have different post IPO liquidation policie. We are also seeing some index funds lunch VC funds (e.g., ARKInvest).
0 reply
0 recast
0 reaction
