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Semil 1. velj
Provocative post by re: whether VC industry has gotten so big, could we see a VC firm this decade follow in footsteps of PE firms and become publicly-traded entities?
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Keval Desai
Yes & the first one to do it will be A16Z = it is set up as an equivalent of Fidelity/Vanguard w/ individual managers leading a sector specific fund sharing a common platform for IR, fundraising, mktg = the thesis will be "if you want to buy a piece of Silicon Valley, buy A16Z"
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benjamindblack 1. velj
Odgovor korisniku/ci @kevaldesai @semil @ttunguz
The SEC filings would be fascinating! All their marks, valuations, write offs, carried interest splits, LP arrangements and side letters, team compensation out in the open!
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Keval Desai 1. velj
Odgovor korisniku/ci @benjamindblack @semil @ttunguz
Fidelity & others often invest in private cos. = disclosure reqs. not as onerous as one might think = VC firms w/ institutional LPs get audited annually w/ a lot of this info (many of those LPs are also public investors) = also CMGI (as a process, not outcome) = can be done :)
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