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    <title>The Minutes of Brad Gerstner on down rounds</title>
    <link>https://minutesof.com/brad-gerstner/on/down-rounds/</link>
    <description>Everything Brad Gerstner has said on down rounds: 4 verbatim quotes between March 2022 and January 2024, each with a timestamp and a link to the recording…</description>
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      <title>Gerstner warned founders that 30 to 50 percent down rounds destroy morale and few companies survive it.</title>
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      <description>“point in time, you&#x27;re gonna be forced to do a 30 to 50% down round, and very few Silicon Valley companies, even the best ones survive the morale hit, and all of the challenges associated with the down round of that size.” — This Week in Startups</description>
      <pubDate>Fri, 12 Jan 2024 05:28:40 +0000</pubDate>
      <category>down rounds</category>
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      <title>Gerstner advises startups to reprice businesses honestly or shut down rather than extend convertible debt.</title>
      <link>https://minutesof.com/q/8e01f643-5ac9-4bdb-8162-7d6d303b824f/</link>
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      <description>“reprice the business, get the price right, and if that is not satisfying to you, if you don&#x27;t own enough of the business at that point in time or whatever, call it quits and restart, right? Because you&#x27;ve got to have the foundation right in these businesses.” — Elad Gil</description>
      <pubDate>Thu, 09 Nov 2023 16:27:02 +0000</pubDate>
      <category>down rounds</category>
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      <title>Gerstner says Instacart will IPO at around $10B versus its $50-60B private valuation, an 80% down round.</title>
      <link>https://minutesof.com/q/722ebe6f-5b3e-46da-9e1b-b3071bd89e9c/</link>
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      <description>“Right? Super high quality company. I think its last private round was 50 or 60,000,000,000 in the bubble, and now it&#x27;s rumored to be going public at somewhere around $10,000,000,000.” — All-In Podcast</description>
      <pubDate>Fri, 11 Aug 2023 06:23:00 +0000</pubDate>
      <category>down rounds</category>
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      <title>Gerstner predicts most IPOs in the next twelve months will price below their last private round.</title>
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      <description>“majority of companies that come public in the next twelve months are going out below their last” — All-In Podcast</description>
      <pubDate>Sat, 26 Mar 2022 05:49:32 +0000</pubDate>
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