Twitxy Saved

Jared Sleeper

Verified account This account is verified. Learn more

@JaredSleeper

Partner at Avenir, where I invest in startups.

"Do things worthy of being written; write things worthy of being read."

Views mine.
NYC sleeperthoughts.com Joined October 2011
2.1K Following 21K Followers 4K Posts

Latest posts 5

Pinned post

Jared Sleeper Verified account @JaredSleeper
Post-AGI:

* Sunsets => beautiful
* Dancing => fun
* Doing hard things => rewarding
* Calls home => meaningful
* Fresh flowers => delightful
* A baby laughing => unrivaled
* Meditation => calming
* Skiing/surfing/diving => thrilling

The nature of happiness will be unchanged.
4 replies 2 reposts 45 likes 6.9K views View on X
Jared Sleeper Verified account @JaredSleeper
Reminder for when you see Ant valuation rumors in the press:

A typical healthy tech IPO starts with an initial valuation range, prices above the range, then trades up 15-20%.

@bgurley and I may not like it, but that's how it works.

So if bankers think Ant will trade at 1.5T, a reasonable initial range is, say 1.1-1.2T.

Then the IPO might price at 1.3 and the stock will then trade to 1.5T (+15%) on day one.

I have a hunch that many reporters don't differentiate between the various numbers when they write articles, so you'll see breathless reports that Ant has "cut" its valuation expectations that may just reflect normal IPO dealmaking.
8 replies 2 reposts 39 likes 13K views View on X