The IPO market right now is very weak. However, when you have a deal this size and this level of recognition, a blue chip company, generally, companies like this can supersede market conditions.
More Quotes from Ryan Jacob:
Everyone's expecting, and should expect, that these companies will continue to post very impressive gains. A lot of these companies are still growing 30-50 percent per quarter. There will be other issues that people will be looking at. With Yahoo, it may not be just revenues, it may be page views. With an Amazon, it may not just be revenues, it may be number of new customers they've acquired over the last quarter.Ryan Jacob
For many of the Internet leaders, you're paying a high valuation with only modestly higher growth prospects.
Ryan Jacob
It's pretty clear the fourth quarter of last year was pretty horrific, and we didn't need much of a bounce to post these kind of returns.
Ryan Jacob
The biggest change in the past five years is that you can find very reasonably priced companies and most are making money. That's obviously a big change from the late 90's when these companies were just starting out.
Ryan Jacob
Something has changed (with Internet investing). You don't have the craziness of a wild IPO market.
Ryan Jacob
We're focusing on companies that will be long-term players on the Internet.
Ryan Jacob
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