Talk Your Book: Why Aren't There More IPOs?

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Today's Talk Your Book is sponsored by VanEck:

To learn more about VanEck click here: vaneck.com/PrivateMarketsCompound 

On today’s show, we discuss:

  • Why 2021 produced disconnected valuations for late-stage startups

  • How AI and reindustrialization are concentrating capital in a handful of winners

  • Why Unicorns are staying private for longer

  • Why secondaries have become a major release valve for locked up capital

  • How open-source models fit into the AI ecosystem 

Animal Spirits:

Charts:

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