VCs ask: with a $500B+ IPO bar, what's the path for $10-20B tech companies?

MartinGTobias · x · 2026-11-12

Charles Hudson questions the new IPO bar: if exciting tech IPOs now require $500B–$1T valuations, what's the plan for $10–20B companies that need 1–2 orders of magnitude of growth to go public, yet are too expensive to acquire? Martin Tobias notes Amazon went public under $1B and argues the market needs a public path for growth-stage companies again.

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