[Thread] As post-IPO prices of some unicorns decline, "guaranteed" returns for late stage private investors, unable to sell shares for months, prove illusory (Gavin Baker/@gavinsbaker)

[Thread] As post-IPO prices of some unicorns decline, "guaranteed" returns for late stage private investors, unable to sell shares for months, prove illusory (Gavin Baker/@gavinsbaker)

Gavin Baker / @gavinsbaker: [Thread] As post-IPO prices of some unicorns decline, “guaranteed” returns for late stage private investors, unable to sell shares for months, prove illusory  —  1) Investor fear and the absence – temporary or permanent – of the Vision Fund likely creates more attractive late stage opportunities vs. the last 5 years. …

[Thread] As post-IPO prices of some unicorns decline, "guaranteed" returns for late stage private investors, unable to sell shares for months, prove illusory (Gavin Baker/@gavinsbaker) Read More »