Market Evolution Insights
The average market cap has skyrocketed from 700 million in 1976 to 10 billion today, reflecting deeper private markets. The probability of a company surviving five years post-IPO has significantly decreased, with only 63% of those listed in the 2000s making it, compared to 92% pre-1970. Regulatory challenges and M&A activity are driving companies to remain private, leading to a concentration of power among larger firms.In this clip
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Animal Spirits Podcast
The Smart Money (EP.160)
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