Skyrocketing Valuation Increases Appetite for Private Investments

Is this sustainable, this extent that companies are staying private for longer and will the wall of money still come in. I think what we've seen is a structural change in how companies capitalize themselves. This is driven by some very enduring factors, such as regulation.Sarbanes-Oxley made it more difficult to be public, and aspects of the JOBS Act made it easier to stay private. But I think there's also been a cultural change amongst companies. I think founders today realize that you can build a better, ...