a16z on X: "Five private companies are worth more than every tech IPO from 2015 to 2025 combined More charts in State of Markets II: https://t.co/MTaxKUxa2w"

Five private companies are worth more than every tech IPO from 2015 to 2025 combined More charts in State of Markets II: a16z.news/p/state-of-mar…
Introducing our State of Markets pt 2, along with a companion podcast where we unpack the data and discuss what comes next. Tech is the everything cycle. Supply: putting the buildout in context, just passed railroads as % of GDP. The wisdom of Elon is real: the factory (or the