Leon (@lenika44)
@lenika44
spending time and money to replace cloud
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Modern IPOs aren’t just price discovery. They’re a pipeline into passive capital. Once a stock joins a major index, billions from ETFs and pension funds are required to follow. Passive capital isn’t infinite either. The real question is: how many trillion dollar IPOs can the market absorb before there simply aren’t enough forced buyers left?
September 15, 2008?
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Startups just aren’t built the same anymore.
Too many founders raise just enough to move into a nice loft in SF and call it a day. Nobody’s obsessed with the game anymore. Nobody’s putting in the kind of work people used to.
VC money is more accessible than ever. Somehow the hunger disappeared.
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