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Evidence receipt / belief

Published · transcript-backed

Ben Gilbert: belief

4 Oct 2022 Acquired ACQ Sessions: Jason Calacanis

“My opinion is it's very silly to compare to public comps because the only thing you know for sure is we're going to be at a different place in the cycle by the time this company gets liquid.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
4 Oct 2022
Publisher
Acquired

Transcript context

…They had a fight on the next wing or something. It's not what a jedi does, but jedi will do it. It also keeps you really sensitive to the public cycles. It's not that you have to think about the public comps when you're investing, but you have to be aware of how much those will change. Early stage investing, it's almost silly to compare. My opinion is it's very silly to compare to public comps because the only thing you know for sure is we're going to be at a different place in the cycle by the time this company gets liquid. It's ridiculous, but it's helpful to drive into how much variability there is, when was the last time it was this different? Yeah. I'm really enjoying understanding what the founders of those companies go through versus the founders of the private companies that go through. What decisions the board has to make of a public company versus the board of a private company. I'd like to join a public board at some point. It's probably not a good idea for me to have said that, because I might get an invite for one, and that might be too much work. Especially given the market right now, you better be careful. Some of them invite me to do that, but it's been great.…

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