The recent IPO process in America is fundamentally broken and results in poor outcomes due to lack of meaningful anchors, small float sizes, and the absence of lockups.

“the fundamental architecture of IPOs are broken they're set up in a dynamic where it's a heads I win tails you lose situation for the bankers that run the IPO”

Companies are going public now because investors and stakeholders need liquidity and waiting for previous peak valuations is not a viable strategy.

“I think they went out because investors and others need liquidity and there's no point holding on and waiting for evaluation that's never going to come back”