Viewpoints

Crunchbase recently published a list of US startup (venture-backed) exits — IPOs, Direct Listings, SPACs, and M&As — valued at $1B or more. Below are some of the statistics […]

In 2021 there were 175 US VC-backed IPOs, while in 2022 this number dropped to 14 (Jay R. Ritter). What does explain the 2022 IPO window […]

Capitalism has been gone a long time ago with the end of the gold standard (to the fiat standard), the development of the banking fractional reserve […]

We have written extensively about why startups are staying private longer and how it represents a wealth generation shift from public to private markets. Besides market […]

Doug Leone was the Sequoia Capital’s managing partner that led its expansion to China and India. In an interview at Stanford in 2014, “Luck & Taking […]

“Originating from Greek mythology, and much of Roman mythology, Centaurs symbolize masculinity, and are supposed to be brave, loyal warriors”. When the term unicorn was coined […]

Stripe provides the infrastructure for merchants to accept all major forms of digital payments online as well as POS payment solutions. Stripe’s comprehensive product suite and […]

Howard Marks of Oaktree Capital has deservedly become a financial guru (plus a billionaire). His memos to Oaktree clients are always memorable. Several parts of his […]

Some definitions first: A primary transaction happens when securities are issued and sold directly by a company, while a secondary transaction is when the initial purchaser of a security sells […]