Do VCs Even Need IPOs Anymore? #ai #ventre #startup #ipo

There are a couple things that happened last year that really got my attention. One of the big ones was like when Google almost bought Wiz because that's the company that you would have had to pay 120 ish million post to get into, but you would have gotten out at 23 billion in an M&A transaction, not an IPO. And as far as I understand there were opportunities to take secondaries along the way. Part of the reason that you needed IPOs was that was the only way you could get billion dollar liquidity events to the tunes of billions of dollars. But if now in the private markets you can get out of these companies at 10, 15, 20 billion dol billion dollars, it's effectively replaced the liquidity that you could only get from IPOs.