Hurricane fallout, AlphaFold, Google breakup, Trump surge, VC giveback, TikTok survey

3326.073 - 3350.648 David Friedberg

And he brought that up in the context of private markets have to exceed that in order for it to be a real viable alternative to just owning public indices. And so if you factor in illiquidity risk and the duration, you have to probably generate, I don't know, a trillion, $1.2 trillion of enterprise value in private tech every year. That just seems like it's really hard to do.