Public markets have regulated away much of the potential for big - TopicsExpress



          

Public markets have regulated away much of the potential for big returns. The risk money goes into private deals. “Microsoft went public in 1986, valued at $300m. It went to $300bn. Public shareholders got a thousand-time rise. When Google went public in 2004, it had about a $30bn valuation and went to about $300bn. Investors got about a 10-time rise. Facebook went public at about $100bn. It’s now $200bn, so public investors have had a two-time rise.” Marc Andreessen One of the outcomes of this is that public risk money is left with the dregs - ie. most TSX Venture companies.
Posted on: Sat, 17 Jan 2015 20:01:58 +0000

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