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Semil
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 1. velj
Odgovor korisniku/ci @semil @ttunguz
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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Joseph T. Hasselmann 1. velj
Odgovor korisniku/ci @semil @ttunguz
GSV went this route and - albeit a different model - venture debt firms have too. From my vantage pt, I think we are going to see more along the trend of “non traditional” sources of capital become part of the private market ecosystem.
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Villi 1. velj
Odgovor korisniku/ci @semil @ttunguz
No
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Nikita Hertz 1. velj
Odgovor korisniku/ci @semil @ttunguz
There a few public funds already. Pros: permanent capital Cons: NAV calculation 🤣 many people dont get the J curve and stock actually trades in a similar fashion.
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Vibhor Khanna 1. velj
Odgovor korisniku/ci @semil @ttunguz
EQT IPO'ed. Primarily a PE fund, but they also run VC funds. Draper Esprit in the UK is a public VC fund. Sutter Rock Capital is a public fund that holds late stage venture backed companies. Don't think we'll see any name brand VCs list their GP stakes publicly soon though.
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Mike lam 1. velj
Odgovor korisniku/ci @semil @ttunguz
Or existing publicly traded funds expanding into vc
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Matthieu Dederichs 1. velj
Odgovor korisniku/ci @semil @ttunguz @DraperEsprit
did it
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Finn Murphy 1. velj
Odgovor korisniku/ci @semil @ttunguz @DraperEsprit
One correction - a venture has gone public - in the UK and they’ve done so pretty successfully -
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sakthi 1. velj
Odgovor korisniku/ci @semil @ttunguz
Never
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