Why didn't VCs push for IPOs in 2025? SPV fee addiction suspected
PTrubey · x · 2026-11-13
Responding to signulll's observation that 50% of people he met in SF were waiting for a liquidity event, 30% feared it was too late, and 20% were looking to pivot, PTrubey asks why VCs didn't push for IPOs in 2025-early 2026, suspecting addiction to SPV fees, and why most companies stayed private.
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