Ben Gilbert: observation

Transcript context

…Right. There were a few crossover funds but the amount of capital doing that was small. So Starbucks did a $20 million raise in December of ’91 and that was a big raise. They used DLJ as an agent for it. So the fact that you have 180 multibillion dollar or more private companies today, that's probably 178 more than there were in 1992. So they didn’t have access to the capital that private companies have today. Period, full stop. There you go. Well, that's a great lead-in to go in hard into tech themes here. It’s shocking to think that the lack of information and the significantly fewer options available to anyone, to companies, to investment bankers, to venture capitalists in those days and we see very different companies and very different market dynamics falling out because of, well, the internet. Yeah. Which is related to one... I had some fun thinking about this and you guys and listeners might think I'm just going off into crazy town here but I’m curious what you think. You know, I think it's so cool that in the coffee industry, there’s this concept of waves, like everybody talks about third wave coffee and for listeners that aren’t “steeped” in coffee culture, the first wave of coffee was the Folger’s and the Maxwell House that we talked about in the beginning of the show, the making your coffee at home. I, perhaps unlike many of our listeners and old and perhaps dating myself a little bit, and I remember growing up, my parents having the TV on in the morning and hearing the jingles like the best part of waking up is Folgers in your cup and good to the last drop – Maxwell House.…

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