I think a lot of people feel this is such a bubble, but since no one knows exactly how long it will last, everyone is too afraid to “miss out” so they put money there since they all have so much.
Unlike the early 2000s, the initial people can already get out if they wanted to (like Uber went to Goldman for IPO or strategic direction, but Goldman decided to invest instead…)…some of these new investors then are the ones who want to IPO now and sell to the general public.
Nice to be Goldman to get a guaranteed 20-30% on a future “IPO Price”.
It used to be the company will sell to these Mutual funds in an “IPO”, but there is nothing “Initial” anymore.
Can’t wait for it to all collapse and would be very happy if it does since I’m getting no benefit from it and it does affect costs and everything for everyone since I believe everything is a little bit connected.
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