venturecapital

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.

Building something new. Host: /venturecapital /adventures /theitinerant

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.

Husband | VP Defense Strategy @darkhive | reserve officer @usarmy | lifelong learner & leader | alum @harvardHBS @westpoint_USMA

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).