Today I chatted with Alex and Ayo on the podcast about their company Bridge, private investments, how they’re using AI, and the overall alts market.

They explained it in a few ways:

* Tools aimed at GPs vs. LPs (general partners and limited partners)

* Tools for pre-transaction vs. post-transaction

I think… the landscape is something like this:

We also discussed the liquidity of private investments and how historically, they’ve been less so and can cause a “run on the bank” scenario:

On gating redemptions:

Private vs. public returns:

I brought up the convo between Peter Mallouk and Tony Robbins where they discussed the difference in returns (9% for the S&P and 15.7% for private equity):

Alex says it’s a bit more nuanced that:

Lastly, we talked about pre-AI vs. post-AI SaaS and how timing or “return on luck” plays a role.

Check out around 41:10 above or on the YouTube.

If you’re like Tim Brown, this might be one to listen to:

To Epic Human Stories,

Joe

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