IPO Lockup Controversy
Chamath and David discuss the unfairness of lockup periods in IPOs, arguing that they penalize long-term employees while benefiting latecomers. They highlight the demoralizing effect on employees who watch others profit from quick gains, advocating for a more equitable approach that allows for fair price discovery. Grab's strategy to minimize lockup restrictions is presented as a progressive alternative in the IPO process.In this clip
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All-In Podcast
E29: Coinbase goes public, direct listings vs. IPOs, unions & more with Bestie Guestie Brad Gerstner
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