Financiers now come to Silicon Valley to invest in companies first
Naval: The tech industry is still underestimated. People used to think of Sand Hill Road as a nice, little backwater compared to the gargantuan Wall Street. Now there’s an acknowledgment that Sand Hill Road is an important place, even though Wall Street still captures the headlines.
If you’re investing in the IPO, you’re literally last in line
It’s becoming increasingly apparent that Sand Hill Road produces the technology that generates much of the wealth in the U.S.Continue reading