Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The Wall Street Journal reported that 2025 was another bad year for venture capital-backed initial public offerings (“IPO”). This was the extension of a five-year trend that damaged investors and founders alike. No one should expect otherwise, since the IPO is a high-risk transaction, with similarities to venture capital investments.
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