Negative Venture Returns, GM Kneecaps Cruise, and Finix joins the TWiST500 | E2059

A portion of it is the uh regime change in Washington and a portion of it is there's a lot of buyers. When there's a lot of buyers, they set a new top, they drive prices up. And so if you're like Tiger and you offer, you know, you compete to beat the entire venture community to put money into a SaaS company before it goes public, let's say it was Asana or HubSpot, I think those were public already, but that was the kind of businesses they were interested in, the Zendesk SaaS kind of companies. If they were pursuing that and they wanted to beat everybody at the table, well, those people have to deploy capital as well. So they keep top ticking the market.

They keep pushing it up. Their bid is going to be higher than everybody else's because they want to win. They want to deploy the capital. And remember, they're getting 1.5%, 2.5%, who knows what their fees are on $12 billion. That's so a quarter billion dollars a year in fees.

I mean, if it was 1%, it would be $125 million a year. A year. This week in Startups is brought to you by Openphone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. Twist listeners can get an extra 20% off any plan for your first six months at openphone.com slash twist.

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