Investors in highly valued start - ups have been concerned about the willingness of public market investors buy into those companies at or above those high valuations, said Smith, also an IPO exchange - traded fund manager. (cnbc.com)
Instead of traditional venture capital firms investing in startups from PowerPoint to IPO, there are angel investors and seed rounds on one end and traditional public market investors investing in private unicorn rounds on the other, with venture capital firms somewhere in the middle. (stratechery.com)
Therefore, drugs in the pre-clinical stage are usually assigned zero value by public market investors. (investopedia.com)