The Private Wealth Secret
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By Keith Teare • Issue #313 • View online
Content
Private Wealth Secrets
UBS advises private investments
Cathy Woods ARK to invest in private companies
Tracking Private Growth
The 34 new Unicorns from May
Why new VC funds beat old ones
Regulation Week
Lina Khan’s plan to take on big tech
EU’s message scanning plans questioned
The US privacy Bill is a huge deal
News of the Week
Elon gets data
YC is back in person
Data DAO’s attract funding
June unicorns start to appear
Funding falls, but not in every stage
D1 may be screwed
Series A and Seed analysis from Pitchbook
Essays of the Week
The deck that changed my life
China’s Rick Kids
Startup of the Week
Branch
Tweet of the Week
Entrepreneur First returns 17x Cash on cash
Editorial
Maybe I am biased in what I choose to read. No, I definitely am biased. I look for what is new in the Silicon Valley world that I live in. And while I appreciate that Palo Alto is not the whole world, it has secrets that others would benefit from knowing. The biggest secret is that wealth creation mostly happens for investors who can access private assets. Listed stocks and shares are handily outperformed by private ones. 2020 and 2021 seemed to indicate that public company investing was back in vogue and beneficial to investors. The 2022 market correction has definitely set the clock back to at least 2019, and perhaps earlier. For public investors, that is clearly not good, but for those focused on earlier investments into private assets, it is back to normal.
This week contains ample evidence of the swing back to private investing, from UBS and also from…
