Claudia(@0x_claudia):IPO game is dead in US. Fintech giants nowadays are becoming the new existing liquidity of each founders: Before 2020 -> Build a real company -> Raise and grow -> IPO -> Retail investors get in — and actually make money 2020–2025 -> Build a narrative -> Raise at series A/B/C/D/E/F/G -> Hype the valuation as much as possible -> IPO -> Retail is the exit liquidity (New stocks = crypto altcoins. Same game, different ticker.) After 2025 -> Build in a hot theme -> Raise enough to get noticed -> Sell to a panicking fintech giant -> No IPO anymore. The acquiring company is the new exit liquidity

2026.03.22 05:51

IPO game is dead in US. Fintech giants nowadays are becoming the new existing liquidity of each founders: Before 2020 -> Build a real company -> Raise and grow -> IPO -> Retail investors get in — and actually make money 2020–2025 -> Build a narrative -> Raise at series A/B/C/D/E/F/G -> Hype the valuation as much as possible -> IPO -> Retail is the exit liquidity (New stocks = crypto altcoins. Same game, different ticker.) After 2025 -> Build in a hot theme -> Raise enough to get noticed -> Sell to a panicking fintech giant -> No IPO anymore. The acquiring company is the new exit liquidity