Liquidity Podcast

Doug and Gene look forward to 2020 and talk direct listings, what needs to happen for them to be mainstream, Tesla, and Apple. Top 3 Takeaways: Creating a mechanism for companies to raise capital as part of a direct listing…

In a live episode recorded in front of a virtual audience on Teooh, Doug and Gene discuss the IPO market, the new focus on profitability, direct listings, and take questions from the audience. Top 3 Takeaways: The trajectory of many…

Doug offers insight into the benefits of direct listings and debunks a recent article written in opposition to them. Top 3 Takeaways: This article from Renaissance Capital on why direct listings are bad for public investors contains a lot of…

Jeff Thomas is a Senior Vice President at Nasdaq and the Head of Western US Listings and Capital Markets. Top 3 Takeaways: The IPO window should remain open through the upcoming election cycle as long as volatility levels don’t rise…

DoorDash, Honey, and 1Password serve as the backdrop for a conversation about how late-stage investor expectations will shift as direct listings become more popular, why themes matter in investing, and how bootstrapped companies can raise demand for secondary markets. Top…

There has been a lot of discussion lately in the venture community about the favorability of direct listings over the IPO process. The chief complaint of IPOs is that securities are underpriced at issue. To better understand the comparison between…

As high-growth companies shift their narrative toward profitability, investors need to decide if they believe the new story. Also, SoftBank minces words around growth vs. profitability, Kalanick’s Cloud Kitchens receives a massive valuation, and we discuss using capital as a…

Part of our jobs as venture capitalists is to have a view on where the puck is going in markets we want to invest in. We also pay attention to where the puck is going in the investment markets broadly.…

Is marking up your private investments by leading consecutive rounds a mistake or a brilliant move? Doug and Gene discuss SoftBank’s tactics, Lyft, Lime, Faire, and SPACs vs. direct listings. Top 3 Takeaways: While SPACs may be useful in some…

The SoftBank and WeWork debacle has huge implications on the late-stage funding landscape and may cause SoftBank to adjust their strategy. Doug and Gene discuss WeWork, the pros and cons of public vs. private, how to value autonomy, and the…

Liquidity explores all things related to venture exit activity including IPOs, direct listings, SPACs, and late-stage financings. As early-stage venture capitalists and former public stock analysts, our experiences meet in the middle, and we share those insights on the podcast…