Meta, Uber, Airbnb, and Snap IPO Returns

+ Don’t be Enamored with Textbook PM

What do Meta, Uber, Airbnb, and Snap have in common?

IPO investors haven’t done very well:

Source: A Tweet I can’t Track Down :(

What’s going on?

1. Companies are staying private longer than ever

All 4 of these companies were darlings of Silicon Valley before they went public. They stayed private while famous:

• SNAP: 6 years

• META: 8 years

• UBER: 10 years

• ABNB: 12 …