In this conversation, Slava Rubin and Christine Healey covered the world of pre-IPO investments, discussing the growing trend of companies staying private longer and the opportunities this presents for investors. They explore key terms and concepts related to pre-IPO investing, including share classes, liquidity preferences, and the importance of understanding investment structures like SPVs. The discussion also includes the practical aspects of navigating the investment process and the importance of due diligence.
During the discussion, Slava and Christine talked about:
- Why Pre-IPO investments offer significant opportunities beyond public markets.
- More companies are delaying IPOs, creating a larger private market.
- That investors need to be aware of liquidity timelines and preferences.
- How SPVs can provide access to larger investments with pooled resources.
- Why dilution risk is a key consideration for investors in private companies.
- That choosing a reliable manager for SPVs is essential for success.
- That investing in pre-IPOs requires a long-term perspective and careful consideration of terms.
