There are deep secondary markets around late-stage venture-backed companies. Robinhood investors seeking to exit around this valuation have options.
What if every company checked that box and couldn't provide lasting value beyond that? Do we still consider this a success because we're posting on a forum run by a VC?
That would mean an overheated late-stage market. (Which recent IPO data haven’t yet made obvious is a thing.)
I'm going to call BS on that one.
How long do you think that would be a sustainable situation? A high mid to late-private stage valuation is only supported by the promise of subsequent valuations.
If every company stopped achieving those subsequent valuations, it would feed back into the private valuations.