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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Why the IPO Market is not Closed | Why Revenue Multiples are BS and Founders Need to Change | Advice From Jack Ma, Jamie Dimon and Evan Spiegel | Lessons from Taking Snap & Alibaba Public with Imran Khan

1664.531 - 1687.982 Imran Khan

Fidelity will get, let's say, 15, 1.5, 15% of the allocation. That's going to be a very high allocation. That's a $30 million. The amount of money that the Fidelity PM manage, that's not a lot of stock. So they need to buy the stock after market to build their position. And so if the stock is, if you give them a discount, they can pay up more so that they can dollar weight and average their price.

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