David George(@DavidGeorge83):Big and public used to be the same milestone. Tech IPOs at the 75th percentile enter around $3.5 billion. The ten companies here cleared it by 12-500x in private rounds. Great piece from @jkhamehl on the trillions accruing in private markets and the venture fund allocations that are still sized for the old world.

David George

@DavidGeorge83

GP, Head Growth Fund @a16z | 👨‍👩‍👧‍👦 | See disclosures:

가입 December 2011

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David George@DavidGeorge83

2026.09.11 18:10

Big and public used to be the same milestone. Tech IPOs at the 75th percentile enter around $3.5 billion. The ten companies here cleared it by 12-500x in private rounds. Great piece from @jkhamehl on the trillions accruing in private markets and the venture fund allocations that are still sized for the old world.