TLDR Founders · MISCELLANEOUS

THE PRIVATE MARKET TRAP

whyisthisinteresting.substack.com3 min read

Summary from the TLDR Founders newsletter

Money is flowing into private companies but can't get out - there's $13 trillion trapped. You should care because startups convince people to work for less money by giving them stock. That deal only makes sense if the stock can turn into cash someday. No IPOs means that stock is just paper, which means talented people may be less inclined to join startups.