Dot.com Crash 2.0

A lot of what we’re seeing in the news recently with public markets not being receptive to the latest wave of tech IPO’s is ultimately the result of quasi-IPO’s that have been led in the private markets as a result of significant later stage funding from conglomerates like Softbank and crossover firms like TRowe and Fidelity.  This is an upward bias at its finest and cracks are starting to show in the thinking.

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