X @Balaji

Market Trends & Regulatory Landscape - The report suggests that traditional US capital markets are declining in favor of Internet capital markets and crypto exchanges [2] - Regulatory interference is seen as detrimental to capitalist transactions, leading to less M&A activity, more complex deal structures, and increased political maneuvering [3][4] - The author argues that regulations strengthen large corporations (bigcos) by creating barriers to entry and acquisition for startups [5] Investment & Exit Strategies - Big companies (bigcos) are putting less profit into exits, resulting in less money available for tech startups [4] - The author believes that the goal of some regulators is to hinder technological advancement [5] - The VC model relies on a few successful companies to offset the failures of many blocked acquisitions [6] IPO & Crypto Markets - The author anticipates a shift towards easier IPOs via crypto, with companies listing on Internet capital markets instead of traditional exchanges like NYSE/NASDAQ [1] - The rise of Internet coins is correlated with the decline in the number of US public companies [2] M&A Dynamics - Big companies (bigcos) reduce M&A activity due to the need to budget for regulatory challenges [3] - Big companies (bigcos) are forced into complex deal structures [3] - Big companies (bigcos) prefer to fight startups rather than acquire them, often resorting to political tactics [3][4]