🔗 Silicon Valley’s Biggest Payday. Yet!

By the time the public gets to participate, the $20 million has become $182 billion on paper. The $900 million has become $120 billion. The risk has been taken, absorbed, and rewarded many times over before the first share is sold on the Nasdaq. Public investors are not funding the bet. They are paying for it after it won.

💬 Om

… Public investors are not funding the bet. They are paying for it after it won.