First Stage Investor

Startup Insider: Reimagining the Private Markets

Startup Insider: Reimagining the Private Markets

Scott Kupor is one of the sharpest minds in venture capital. He’s the managing partner of Andreessen Horowitz and the author of Secrets of Sand Hill Road: Venture Capital and How to Get It. Kupor testified before Congress earlier this year that regular, everyday investors like you should have more access to startups in their later stages of development — especially those that are nearing or ready to go public (the pre-IPO phase). 

Andy Gordon and Vin Narayanan couldn’t agree more. And in today’s Startup Insider, they discuss the implications of giving investors more access to the private markets and ponder whether the public and private markets will end up merging.


One thing is for sure: giving retail investors access to only seed and pre-seed startups while denying them access to later-stage opportunities doesn’t make sense. 

It doesn’t protect retail investors because earlier stages make for riskier investments. And it’s just bad policy. But fixing this policy will force all of us to fundamentally rethink how we invest.

Thanks for watching!

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