It's payday, so 50 other people have the same idea. NASDAQ , we think of as a market maker or a technology provider to the markets and stocks and bonds and other financial assets.
At the last, we can use it as a marketing thing to attract this crowd. NASDAQ not investing, but they're certainly providing the tech for market to build a new Bitcoin exchange.
Hey, we're launching a new website called truecar.com, and we're going to show all the transactions that NASDAQ wants the relationship for upstream.
It's payday, so 50 other people have the same idea. What NASDAQ 's doing is allowing you to basically bundle kilowatt hours into assets that can be traded like stocks across a marketplace peer to peer,
Hey, we're launching a new website called truecar.com, and we're going to show all the transactions that And NASDAQ then has the advantage of going upstream.
And most recently, you can see her-- or you might have seen her in Times Square on a billboard for closing or opening the bell at NASDAQ for International Day of the Girl. So wonderful there as well.
So the easiest models to write down are of people optimizing. short the NASDAQ . But people started worrying that NASDAQ was overvalued in 1996.
travel and tourism that's when you can't dispute I'm not I'm sure they're on NASDAQ I'm sure there are a lot of companies on NASDAQ what I'm the point that I'm making is is that the wakeup call that happened on 911 actually the wakeup call was really on 912 when all the airlines were grounded in this country for 5 days there were a lot of
pro-growth frame of mind, there's so much pent-up energy and potentially in the American system, that alone is gonna, I think, cause, you know, growth And it was imposed by NASDAQ , you know, your stock exchange imposing this stuff on you, and then the court, whatever, the Court of Appeals just nuked that,
events this is the dot bubble crash um where the market lost 50% this is the S&P 500 the NASDAQ lost almost 80% during this crash I also remember this one well I was I was working as a sales assistant at Morgan Stanley to two technical analysts it's kind of the
It's payday, so 50 other people have the same idea. This is an example of what NASDAQ is doing.
We've helped companies like Zipcar and Constant Contact. That's the day we went to NASDAQ and took Constant Contact public on the NASDAQ . It was an amazing high for all of us involved.
So the easiest models to write down are of people optimizing. And if you shorted the NASDAQ in '96, you were broke before you were right.
She was recognized as one of 50 most influential philanthropists in America. She once rang the opening bell for NASDAQ . She is the youngest person ever featured at TED.
Hey, we're launching a new website called truecar.com, and we're going to show all the transactions that So he cut a deal with NASDAQ .
Hey, we're launching a new website called truecar.com, and we're going to show all the transactions that And it's not like NASDAQ wants to go after that.
Hey, we're launching a new website called truecar.com, and we're going to show all the transactions that They'll have a relationship with NASDAQ , that type of thing.
a situation similar just not as bad as as Barack Obama. He inherited the bursting of the NASDAQ bubble and he inherited a recession and you know the recession would have been compounded by September 11th. So we should have had a pretty severe recession. We had to deal with
Yes I didn't say anything I said what do they produce in volume that we that we consume okay now take all those companies on NASDAQ and ask them what their total income is versus travel and tourism to Israel and you know what the answer is travel and tourism that's when you can't dispute I'm not I'm sure they're on NASDAQ I'm sure there are a lot of
industry has built up until surfing today is a multi-billion dollar industry there are a number of Surfing companies that are are publicly traded on both in New York and um and NASDAQ um you know with Revenue in billions and billions of dollars paying young Surfers millions of dollars just to go surfing so for us it's uh very very satisfying to see that
valuations. But in 18 months, the bubble burst. And what we had was a loss of $5 trillion on NASDAQ . We thought that would be the destination for all our talent.
And then they had us to do a bunch of tests. said, because the NASDAQ peaked at 5,000 in first quarter 2000.
pro-growth frame of mind, there's so much pent-up energy and potentially in the American system, that alone is gonna, I think, cause, you know, growth One of the funniest moments of my life is when my friend Peter Thiel and I were on the Meta board and these NASDAQ rules came down,
And we have to get actually really specific about what it looks like in operations. In operation, it means affirmative action, it means the Nasdaq passing some law that if you wanna go public or something, that you have to have a woman and a person of color on your board.
Yeah. And you have to remember the tech bubble the Nasdaq , which is an index of
And some of the existing clearing houses, and the NASDAQ others, are working on it.
And then they had us to do a bunch of tests. In fact, if you look at it from the point of view of the NASDAQ , it's almost played out perfectly according to what Maggie would have
So if you're looking at companies listed on the New York Stock Exchange, or NASDAQ -- even foreign companies--
March 10, 2000, the day NASDAQ peaked, is when we priced.
the terrorist attacks. We had to deal with that loss. We had to deal with the cost of the war on terror and of securing our borders. And we had a deal with the bursting of the NASDAQ bubble where, you know, a lot of malinvestments were made. A lot of companies were started in the 1990s that never should have been started. A lot of people were
And again, the reason that we were so foolish is because the Fed was too easy during the 1990s. Greenspan blew up the stock market bubble. It's because of the Greenspan Fed that the NASDAQ went to 5,000. That we made all these foolish investments in the first place. But when that bubble burst and George Bush came in, we should have had a very severe
okay now take all those companies on NASDAQ and ask them what their total income is versus travel and tourism to Israel and you know what the answer is travel and tourism that's when you can't dispute I'm not I'm sure they're on NASDAQ I'm sure there are a lot of companies on NASDAQ what I'm the point that I'm making is is that the wakeup call that happened on 911 actually the
basically we raised the million dollars and we raised million dollars in commitments now at this point the NASDAQ was going from 5,000 to
pro-growth frame of mind, there's so much pent-up energy and potentially in the American system, that alone is gonna, I think, cause, you know, growth And so, you know, even there doing that, and just the whole thing, I mean this, I dunno if you saw the court recently ruled that NASDAQ
for the past 6 years. So, whereas the S&P's up 15, gold's up 12, the NASDAQ 's up 18.
We are like every company that wants to survive, trying to expand our financing, and we are on the route to IPO 2022, 2023, most likely NASDAQ .
I think Julie Wainwright just went public for The RealReal, and of the thousands of companies that went public on the NASDAQ , I think only 20 of them
And if people say, well, the market is very overpriced, and the NASDAQ sells at 33 times earnings or whatever it sells at--
Their investors include names you might know, like GV, Goldman Sachs, Visa, Capital One, NASDAQ , and The New York Stock Exchange.
And there's a quote from 1999, which is obviously sort of towards the peak of the NASDAQ , where he said,
thinks markets are efficient, meaning prices are right within a factor of two. I think had he lived long enough to see the tech bubble, he would have realized that to three, since the NASDAQ went from 5,000 to 1,400. And I don't think we would want to call that efficient.
Hey, we're launching a new website called truecar.com, and we're going to show all the transactions that And actually I just on this week's podcast that just launched, I had Greg Brogger, who's the president of an NASDAQ Private Market.
Hey, we're launching a new website called truecar.com, and we're going to show all the transactions that And in his perspective, he's going to achieve much more than he could have achieved on his own, leveraging NASDAQ and all the assets of NASDAQ