Record levels of private capital and the recent and rapid rise of VC-funded unicorns suggest to some that public markets are a thing of the past, a holdover from the capitalism of yesteryear. Financial news of the past two decades is littered with stories of companies delaying IPOs and growing despite it — Meta, Uber, Airbnb and the like. Some still remain private, most notably Elon Musk’s SpaceX. If they can find success without going public, why should anyone else? Take the example of Klarna — a 20-year ...

All right. It feels like every other day we're hearing a deal about OpenAI doing a deal with a public company or some other private company uh with a an investment and valuations moving higher. Can we just talk very quickly about investing in private companies.We often hear a lot of hand ringing or people have a lot of hand ringing about investing in the public markets because valuations are stretched and we're very close to record highs. Do you have similar concerns about the private markets. So, it's a gr ...