Video wird geladen...

Video konnte nicht geladen werden

Beim Laden dieses Videos ist ein Problem aufgetreten. Dies könnte an einem vorübergehenden Netzwerkproblem liegen oder das Video ist möglicherweise nicht verfügbar.

We talked with Alex Jacobson (Co-Founder & Managing Partner) about the evolving private markets. "SpaceX gives employees equity and runs tenders regularly so that equity becomes liquidity. Although the liquidity price is lower than public market value, employees know their equity will grow because SpaceX keeps expanding. "The strategy... show more

TBPN

624,837 subscribers

11,490 Aufrufe • vor 11 Monaten •via X (Twitter)

Anya Rossi• Live Now

Private livecam show

0 Kommentare

Keine Kommentare verfügbar

Kommentare vom Original-Post werden hier angezeigt

Ähnliche Videos

Patrick Bet-David gives the most important piece of advice to young people trying to achieve the American Dream — ‘Pursue Equity’ “To the young kids that are watching the reality is the following… We have to redefine what the American Dream is. The American Dream to me is the word ‘equity’ — I don’t mean ESG ‘equity’ — I mean ‘equity’ as in equity could be in a home. Equity could be in crypto, in stocks, or a company you work for that has shared some equity that is building valuation with you.” “Don’t think one dimensional that equity only equals me having a home… Pursue equity. Years ago marketers convinced us that the American Dream is home ownership. It’s not, it’s equity.” “If you’re younger, buckle down, increase your valuation, increase your market valuation.”

Patrick Bet-David gives the most important piece of advice to young people trying to achieve the American Dream — ‘Pursue Equity’ “To the young kids that are watching the reality is the following… We have to redefine what the American Dream is. The American Dream to me is the word ‘equity’ — I don’t mean ESG ‘equity’ — I mean ‘equity’ as in equity could be in a home. Equity could be in crypto, in stocks, or a company you work for that has shared some equity that is building valuation with you.” “Don’t think one dimensional that equity only equals me having a home… Pursue equity. Years ago marketers convinced us that the American Dream is home ownership. It’s not, it’s equity.” “If you’re younger, buckle down, increase your valuation, increase your market valuation.”

Benny Johnson

156,867 Aufrufe • vor 8 Monaten

What is the biggest advantage for companies to stay private today? David George " The biggest advantage is the avoidance of volatility in your stock price and employee management. If you can steadily grow or control your stock price in the private markets. Even if it's a slight discount to where you would be in the public markets it is a benefit We've seen some of our companies that have been able to do that. Stripe, SpaceX, Databricks, it's worked to their advantage for sure." I would love to hear your thoughts Brian Halligan Sameer Dholakia John Collison Noah Glass mark pincus

What is the biggest advantage for companies to stay private today? David George " The biggest advantage is the avoidance of volatility in your stock price and employee management. If you can steadily grow or control your stock price in the private markets. Even if it's a slight discount to where you would be in the public markets it is a benefit We've seen some of our companies that have been able to do that. Stripe, SpaceX, Databricks, it's worked to their advantage for sure." I would love to hear your thoughts Brian Halligan Sameer Dholakia John Collison Noah Glass mark pincus

Harry Stebbings

93,731 Aufrufe • vor 7 Monaten

Is the SpaceX IPO going to redefine how much control one person can have over a public company? And what example does this set for OpenAI and Anthropic's highly anticipated IPOs? The latest episode of Equity sets the stage for what will be a wild summer for the public markets:

Is the SpaceX IPO going to redefine how much control one person can have over a public company? And what example does this set for OpenAI and Anthropic's highly anticipated IPOs? The latest episode of Equity sets the stage for what will be a wild summer for the public markets:

TechCrunch

18,126 Aufrufe • vor 1 Monat

The biggest myth about marriage is that your feelings will be the same ten years in. They won’t. Marriage matures, life changes, kids arrive, you build equity together. That’s why divorce is so brutal: you lose emotional equity and half your net worth. Don’t blow that up lightly.

The biggest myth about marriage is that your feelings will be the same ten years in. They won’t. Marriage matures, life changes, kids arrive, you build equity together. That’s why divorce is so brutal: you lose emotional equity and half your net worth. Don’t blow that up lightly.

Kevin O'Leary aka Mr. Wonderful

52,937 Aufrufe • vor 5 Monaten

Elon Musk on taking SpaceX public: "I've been asked for many years about taking SpaceX public, so it's probably been almost 10 years that people have been suggesting to me that I should take SpaceX public. We've been positive cash flow for quite a long time, I think, since around 2014-2015 and we've been self-funding, in fact, in our sort of private equity rounds, we actually have not been fundraising rounds, they've been liquidity rounds for investors and employees, because we give everyone at the company stock, and SpaceX has actually bought back stock in most of our sort of funding events. What's different about now is that was it's a number of things, we are embarking on a significant growth phase, like capital growth phase, where we're are going to put in orbit, probably 100,000 satellites, probably over 100,000 satellites, just for communications. The appetite for bandwidth of AI and robots is going to be enormous, and then we're also doing the AI data centers in space, which is another massive capital endeavor, but I think it will be the primary means by which AI can be expanded."

Elon Musk on taking SpaceX public: "I've been asked for many years about taking SpaceX public, so it's probably been almost 10 years that people have been suggesting to me that I should take SpaceX public. We've been positive cash flow for quite a long time, I think, since around 2014-2015 and we've been self-funding, in fact, in our sort of private equity rounds, we actually have not been fundraising rounds, they've been liquidity rounds for investors and employees, because we give everyone at the company stock, and SpaceX has actually bought back stock in most of our sort of funding events. What's different about now is that was it's a number of things, we are embarking on a significant growth phase, like capital growth phase, where we're are going to put in orbit, probably 100,000 satellites, probably over 100,000 satellites, just for communications. The appetite for bandwidth of AI and robots is going to be enormous, and then we're also doing the AI data centers in space, which is another massive capital endeavor, but I think it will be the primary means by which AI can be expanded."

DogeDesigner

156,480 Aufrufe • vor 1 Monat

The reason it cost to much to take your pet to the vet is because private equity firms are buying up the pet industry and skyrocketing prices - Private equity firms poured $51.6 billion into the veterinary sector from 2017-2023 - Another $10+ billion in 2024 - Private equity firms spent $9.3 billion in the first 4 months on that year alone buying vet clinics - Industry leaders found that people will go into debt to keep their pets healthy, so the field is viewed as low risk and high reward 2025 private equity firms ownership of our American veterinary clinics estimates - 45% of all general practices will be owned by private equity firms - 80% of all Specialty/Emergency Practices will be owned by private equity firms “We are to the point in this country where cost and inflation is so high, I am seriously considering veterinary care tourism” “It is gonna cost about $1,500 to $1,800 to get this thing's (her dogs) teeth cleaned in Chicago, and his teeth aren't even bad”

The reason it cost to much to take your pet to the vet is because private equity firms are buying up the pet industry and skyrocketing prices - Private equity firms poured $51.6 billion into the veterinary sector from 2017-2023 - Another $10+ billion in 2024 - Private equity firms spent $9.3 billion in the first 4 months on that year alone buying vet clinics - Industry leaders found that people will go into debt to keep their pets healthy, so the field is viewed as low risk and high reward 2025 private equity firms ownership of our American veterinary clinics estimates - 45% of all general practices will be owned by private equity firms - 80% of all Specialty/Emergency Practices will be owned by private equity firms “We are to the point in this country where cost and inflation is so high, I am seriously considering veterinary care tourism” “It is gonna cost about $1,500 to $1,800 to get this thing's (her dogs) teeth cleaned in Chicago, and his teeth aren't even bad”

Wall Street Apes

61,991 Aufrufe • vor 7 Monaten

Private credit just hit the brakes, and the numbers are not subtle. New US direct lending issuance fell from about $74.6 billion in the first quarter to about $44.8 billion in the three months ending May, according to PitchBook. That is a massive slowdown in a single quarter. Private equity-backed borrowing dropped to about $28.5 billion. Lending tied to leveraged buyouts fell to about $15.2 billion. This is the private credit engine losing speed at the exact moment it needs confidence. And the reasons are not a mystery. Fundraising is still well below its peak. Redemption requests are elevated and still climbing. Investors are scrutinizing loan quality. And borrowers are stuck in a flat, gone-bad economy. For years private credit took market share because it was fast and certain. It could finance deals when the banks and the syndicated markets could not, because everyone assumed the economy would be good forever. That assumption is breaking. Now these funds are preserving liquidity and stretching to get deals done. So they have far less appetite to finance private equity at aggressive valuations. And that is where private equity gets pulled in. It ran on the leverage that private credit provided, and that engine is reversing. Here is the standoff. Private equity firms will not sell assets at lower prices, because that means admitting yesterday's marks were too high. Buyers will not pay peak multiples in a higher-rate, slower-growth world. Lenders will not underwrite the old assumptions. Investors do not want more money locked up. So the whole machine slows, grinds to a halt, and starts to reverse. One guy called it constipation.

Private credit just hit the brakes, and the numbers are not subtle. New US direct lending issuance fell from about $74.6 billion in the first quarter to about $44.8 billion in the three months ending May, according to PitchBook. That is a massive slowdown in a single quarter. Private equity-backed borrowing dropped to about $28.5 billion. Lending tied to leveraged buyouts fell to about $15.2 billion. This is the private credit engine losing speed at the exact moment it needs confidence. And the reasons are not a mystery. Fundraising is still well below its peak. Redemption requests are elevated and still climbing. Investors are scrutinizing loan quality. And borrowers are stuck in a flat, gone-bad economy. For years private credit took market share because it was fast and certain. It could finance deals when the banks and the syndicated markets could not, because everyone assumed the economy would be good forever. That assumption is breaking. Now these funds are preserving liquidity and stretching to get deals done. So they have far less appetite to finance private equity at aggressive valuations. And that is where private equity gets pulled in. It ran on the leverage that private credit provided, and that engine is reversing. Here is the standoff. Private equity firms will not sell assets at lower prices, because that means admitting yesterday's marks were too high. Buyers will not pay peak multiples in a higher-rate, slower-growth world. Lenders will not underwrite the old assumptions. Investors do not want more money locked up. So the whole machine slows, grinds to a halt, and starts to reverse. One guy called it constipation.

Jeffrey P. Snider

18,021 Aufrufe • vor 29 Tagen

Only two types of people make it in San Francisco. Pre-IPO employees at Stripe, OpenAI, Anthropic. Equity worth millions. Founders who raised $5M-10M+ in seed. A new grad making $300K - is near the poverty line. Not because $300K is small. Because you'd be bidding the same apartment. With people whose equity is worth 100x your salary. The city's message to everyone else? 'Get out.' Not my advice. Just the math.

Only two types of people make it in San Francisco. Pre-IPO employees at Stripe, OpenAI, Anthropic. Equity worth millions. Founders who raised $5M-10M+ in seed. A new grad making $300K - is near the poverty line. Not because $300K is small. Because you'd be bidding the same apartment. With people whose equity is worth 100x your salary. The city's message to everyone else? 'Get out.' Not my advice. Just the math.

George Pu

33,639 Aufrufe • vor 1 Monat

🚨🚨PRIVATE EQUITY BAILOUT WITH YOUR 401K 🚨🚨 The Federal Government just gave Private Equity the blessing to access 14 Trillion in 401K. Just when the Private Equity Market is a full blown meltdown. "As of early 2026, private equity (PE) firms have gained significantly increased access to 401(k) plans following regulatory changes and executive actions. The Department of Labor has facilitated the inclusion of alternative assets—including private equity, real estate, and crypto—into retirement accounts, ending years of restrictions." WE THE PEOPLE ALWAYS PAY FOR THEIR MISTAKES

🚨🚨PRIVATE EQUITY BAILOUT WITH YOUR 401K 🚨🚨 The Federal Government just gave Private Equity the blessing to access 14 Trillion in 401K. Just when the Private Equity Market is a full blown meltdown. "As of early 2026, private equity (PE) firms have gained significantly increased access to 401(k) plans following regulatory changes and executive actions. The Department of Labor has facilitated the inclusion of alternative assets—including private equity, real estate, and crypto—into retirement accounts, ending years of restrictions." WE THE PEOPLE ALWAYS PAY FOR THEIR MISTAKES

Stephanie 🇬🇧🇺🇸🦍

51,802 Aufrufe • vor 3 Monaten

"Think of founder comms as concentric circles" - Lulu Cheng Meservey "The innermost circle is your co-founders. The next circle is investors and your board. Then employees, customers, regulators etc." "You don't want to skip the circles. If you have a new mission and your employees find out from the press, you are in a world of pain." "Sequencing correctly and not going too greedy too fast is very important."

"Think of founder comms as concentric circles" - Lulu Cheng Meservey "The innermost circle is your co-founders. The next circle is investors and your board. Then employees, customers, regulators etc." "You don't want to skip the circles. If you have a new mission and your employees find out from the press, you are in a world of pain." "Sequencing correctly and not going too greedy too fast is very important."

TBPN

16,846 Aufrufe • vor 1 Jahr

JCal: "The real crime is that rich people have rigged the markets." You can bet on the Knicks, gamble on blackjack, and YOLO any meme coin you want. But you legally can't buy SpaceX, Uber, or Tesla before they go public... For some arbitrary reason, we draw the line in private markets, even though that’s where all the value is created. @jason

JCal: "The real crime is that rich people have rigged the markets." You can bet on the Knicks, gamble on blackjack, and YOLO any meme coin you want. But you legally can't buy SpaceX, Uber, or Tesla before they go public... For some arbitrary reason, we draw the line in private markets, even though that’s where all the value is created. @jason

This Week in Startups

76,423 Aufrufe • vor 1 Monat

The University of Utah is about to sign a first of its kind equity deal with a New York private equity firm called Otra Capital… and this is not good. This new deal will create an enitre new business that oversees everything Utah athletics, and will be controlled by the

The University of Utah is about to sign a first of its kind equity deal with a New York private equity firm called Otra Capital… and this is not good. This new deal will create an enitre new business that oversees everything Utah athletics, and will be controlled by the

Ev Hand

1,063,907 Aufrufe • vor 7 Monaten

Probably the best take I have heard on why there is so much fear around software exposure in private equity and credit because of AI From David Sacks "Historically we only had two good exits for software businesses. One was IPO. The other was M&A. Then these big private equity shops came along and gave us a third potential exit. You would sell to them and then they would raise the capital based on one third equity and two third debt. So it was debt financed buyouts. It is something that has been around in the non technology part of the economy for a long time but was a relatively new entrant in the world of technology. And the reason for that is if you have debt financed a purchase, you need to have very stable cash flows. Because if you miss and you cant pay your interest on the debt, you will lose all your equity because the debt holders will foreclose. It was belief for a long time that software did have predictable cash flows, at least for the mature businesses."

Probably the best take I have heard on why there is so much fear around software exposure in private equity and credit because of AI From David Sacks "Historically we only had two good exits for software businesses. One was IPO. The other was M&A. Then these big private equity shops came along and gave us a third potential exit. You would sell to them and then they would raise the capital based on one third equity and two third debt. So it was debt financed buyouts. It is something that has been around in the non technology part of the economy for a long time but was a relatively new entrant in the world of technology. And the reason for that is if you have debt financed a purchase, you need to have very stable cash flows. Because if you miss and you cant pay your interest on the debt, you will lose all your equity because the debt holders will foreclose. It was belief for a long time that software did have predictable cash flows, at least for the mature businesses."

Boring_Business

402,529 Aufrufe • vor 2 Monaten

🚨 THE AI BUBBLE IS ENTERING ITS FINAL STAGE. SpaceX. OpenAI. Anthropic. Nearly $4 TRILLION in new AI IPO valuation is about to hit public markets at the exact same time. Funds will need liquidity for this. And that liquidity will come from dumping the same AI stocks currently holding up the S&P 500.

🚨 THE AI BUBBLE IS ENTERING ITS FINAL STAGE. SpaceX. OpenAI. Anthropic. Nearly $4 TRILLION in new AI IPO valuation is about to hit public markets at the exact same time. Funds will need liquidity for this. And that liquidity will come from dumping the same AI stocks currently holding up the S&P 500.

Crypto Rover

75,862 Aufrufe • vor 1 Monat

.carried_no_interest says the rumors that enterprise customers are no longer signing up for 3-year contracts — combined with "adjacency in the market map" — is way more of a threat to software private equity than vibe coding: "The entire basis of software PE being one of the best private market categories was that you had enterprise customers with 3-year contracts." "If every other enterprise customer says, 'AI is just so amazing now, and we don't know where we're going to be, and what it's going to look like, so we're only doing 1-year deals,' that has much bigger implications than someone vibecoding a Notion clone on a Sunday. That's a big deal." "And I think the reason they're doing that — and this is the bigger threat to a lot of these companies — is the adjacency in the market map." "If you look like Rippling, and you have a very talented group of people like their employees, they can attack so many parts of the HR platform space now that they simply couldn't 3 years ago." "That's a lot scarier than vibe coding, than somebody just whipping up [a clone] and going out with a bunch of cold emails. It's the adjacency threats in the market map. Because now, who's Rippling going to go after?"

.carried_no_interest says the rumors that enterprise customers are no longer signing up for 3-year contracts — combined with "adjacency in the market map" — is way more of a threat to software private equity than vibe coding: "The entire basis of software PE being one of the best private market categories was that you had enterprise customers with 3-year contracts." "If every other enterprise customer says, 'AI is just so amazing now, and we don't know where we're going to be, and what it's going to look like, so we're only doing 1-year deals,' that has much bigger implications than someone vibecoding a Notion clone on a Sunday. That's a big deal." "And I think the reason they're doing that — and this is the bigger threat to a lot of these companies — is the adjacency in the market map." "If you look like Rippling, and you have a very talented group of people like their employees, they can attack so many parts of the HR platform space now that they simply couldn't 3 years ago." "That's a lot scarier than vibe coding, than somebody just whipping up [a clone] and going out with a bunch of cold emails. It's the adjacency threats in the market map. Because now, who's Rippling going to go after?"

TBPN

18,851 Aufrufe • vor 4 Monaten

More DEI nonsense WA Gov Bob Ferguson is hosting a "2025 Diversity, Equity and Inclusion Empowerment Conference" for state employees with the goal of "embedding meaningful access and inclusion in everything." This is what they spend your tax dollars on

More DEI nonsense WA Gov Bob Ferguson is hosting a "2025 Diversity, Equity and Inclusion Empowerment Conference" for state employees with the goal of "embedding meaningful access and inclusion in everything." This is what they spend your tax dollars on

Libs of TikTok

382,274 Aufrufe • vor 1 Jahr

This is serious: BlackRock is no longer just investing in stocks, they’re beginning to purchase critical infrastructure in America BlackRock is trying to buy Minnesota Power, which provides powepto over 150,000 people They want to profit off of the soaring electricity demand from Al data centers. If they win, and if it's profitable, your power company could be next The higher they can skyrocket energy prices, the more they’ll cash in “BlackRock acquired Global Infrastructure Partners and since that deal, they've been a lot more involved in infrastructure” “This is a test case for companies like BlackRock expanding into industries that we use every day. Things like water, hospitals, and electricity. And if they haven't already, they could be coming to your town soon.” “If we look at northern Michigan, there is a utility called the Upper Peninsula Power Company or Upco. This was acquired by a private equity firm in 2014. Upco customers have seen a spike in their rates. Many say they can't afford. After the private equity firm took it over, shortly thereafter, they raised the bills. A couple of years later, bills went up again. Then that private equity firm sold it to a different private equity firm. Once the new private equity owners were in control, they raised bills again. Since 2014, Upco, being owned by private equity, has seen four bill hikes. There's nothing stopping BlackRock from doing the same thing in Minnesota.”

This is serious: BlackRock is no longer just investing in stocks, they’re beginning to purchase critical infrastructure in America BlackRock is trying to buy Minnesota Power, which provides powepto over 150,000 people They want to profit off of the soaring electricity demand from Al data centers. If they win, and if it's profitable, your power company could be next The higher they can skyrocket energy prices, the more they’ll cash in “BlackRock acquired Global Infrastructure Partners and since that deal, they've been a lot more involved in infrastructure” “This is a test case for companies like BlackRock expanding into industries that we use every day. Things like water, hospitals, and electricity. And if they haven't already, they could be coming to your town soon.” “If we look at northern Michigan, there is a utility called the Upper Peninsula Power Company or Upco. This was acquired by a private equity firm in 2014. Upco customers have seen a spike in their rates. Many say they can't afford. After the private equity firm took it over, shortly thereafter, they raised the bills. A couple of years later, bills went up again. Then that private equity firm sold it to a different private equity firm. Once the new private equity owners were in control, they raised bills again. Since 2014, Upco, being owned by private equity, has seen four bill hikes. There's nothing stopping BlackRock from doing the same thing in Minnesota.”

Wall Street Apes

191,005 Aufrufe • vor 10 Monaten

.Pierre Poilievre says: "We will never allow attacks on home equity. Period. Full stop not going to happen. Bottom line is Liberals will tax your home equity if you give them the chance in this election. We will never let that happen. Your home belongs to you And when you sell you should keep every single penny for yourself and your family"

.Pierre Poilievre says: "We will never allow attacks on home equity. Period. Full stop not going to happen. Bottom line is Liberals will tax your home equity if you give them the chance in this election. We will never let that happen. Your home belongs to you And when you sell you should keep every single penny for yourself and your family"

David Krayden

83,998 Aufrufe • vor 1 Jahr

The City of Toronto is rolling out a revised and expansive land acknowledgement that includes terms like “extractive violences” and “land reparations.” This revised acknowledgement will be part of the City of Toronto’s mandatory equity training for public employees. Do you think the expansion of ancestral, land, and extractive acknowledgements are beneficial to citizens? 🤔

The City of Toronto is rolling out a revised and expansive land acknowledgement that includes terms like “extractive violences” and “land reparations.” This revised acknowledgement will be part of the City of Toronto’s mandatory equity training for public employees. Do you think the expansion of ancestral, land, and extractive acknowledgements are beneficial to citizens? 🤔

IntegrityTO

261,978 Aufrufe • vor 7 Monaten

Apollo CEO Marc Rowan on how private and public markets have slowly converged over his 41 years of experience in finance Worth a listen "When people look at their portfolios and they own equity today, then own it through S&P 500 indices. Do they own the US economy? No. They own 10 stocks. Just ten stocks are 40% of the index, and most of their returns over the past few years has been one company: NVIDIA. NVIDIA is now larger than the stock market of every country in the world, other than Japan. NVIDIA is a perfectly fine company, but the notion of equity investing was about diversified portfolios. We don't have that"

Apollo CEO Marc Rowan on how private and public markets have slowly converged over his 41 years of experience in finance Worth a listen "When people look at their portfolios and they own equity today, then own it through S&P 500 indices. Do they own the US economy? No. They own 10 stocks. Just ten stocks are 40% of the index, and most of their returns over the past few years has been one company: NVIDIA. NVIDIA is now larger than the stock market of every country in the world, other than Japan. NVIDIA is a perfectly fine company, but the notion of equity investing was about diversified portfolios. We don't have that"

Boring_Business

132,986 Aufrufe • vor 5 Monaten