[treffer]

I am partially gussing here, but...

They weren't old enough by 2020/early 2021. Series A was 2012. It's usually 10 years after that you need to IPO.

So the expected IPO would be 2022. Bad timing/luck.

Similar for those option plans. Planned IPO +2 years should OK. Unless it hits you like the last 2 years.

[looping__lui]

Can you provide specific data points and examples for this 10 year hypothesis?

[thebigspacefuck]

Check page 5 of this doc https://site.warrington.ufl.edu/ritter/files/IPOs-Age.pdf

Around year 2000 median age was 4 years, 2001-2009 was 8-9 years and since 2008 median age has been 9-14 years with the majority more than 10 years.

[treffer]

This is the normal runtime of venture funds.

I am not sure if the last chapters of "The hard thing about hard things" or "Venture Deals" had more details.

So you can expect Series A with fresh funds and money (10 years runtime left).

[looping__lui]

So 7 years would have “been to early” (e.g., like Meta did it and we all know how that ended…)? Or 5 years in the case of Google? Or 2 years for Amazon?