Gerstner argues Khosrowshahi's capital markets expertise was critical fit for cash-hemorrhaging Uber needing focus.
“Uber at the time was hemorrhaging cash, needed to get rid of some divisions, needed to focus on the core.”
Gerstner argues historic tech IPOs needed capital access, unlike today's companies with deep private markets.
“I think the biggest thing that has changed over the last twenty years, you know, back to you know, if we think about the companies that went public in in in those early vintages, the Microsofts, the Apples, the Googles, the Salesforce, etc. What was one commonality, Bill? They needed access to capital to grow.”
Gerstner says 60 to 70 percent of people don't participate in capital markets upside, expects related announcements soon.
“60 to 70% of people today don't compound in the upside of our capital markets. I think you'll see a lot of announcements in the weeks ahead.”