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Quote by Daniel Fried

“We`re a little bit low in the 1970s, right, post-Vietnam, Watergate era, malaise, all that, but this is more like the 1930s where the very notion of liberal democracy is being questioned, and that is disturbing.”

Quote by Daniel Fried

Author

Daniel Fried
Daniel Fried

Daniel Fried, born in 1952, is an accomplished diplomat with extensive experience and a strong academic background in international relations. He has held several senior positions at the U.S. Department of State and played a significant role in various international affairs. more

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“Basically my point of view on unicorns is that private companies which have sky high valuations, it doesn't really mean anything in the real world until it's marked to market. And there's only two ways things get marked to market in venture capital: Either a company is acquired by another company for cash or marketable security, or it goes public, and then it has reporting requirements and then the market will determine the value.”

“The stock market has gone up and if you are stock picking, that's fine, you may do a bit better than the market. But if you want to play in another game where you can get rapid increases of value and so on and so forth, this apparently has become the new parlour game, to invest in these companies and many their cases, the private equity that has been piling in onto of the venture capital is creating the unicorn, in other words the company with the $1 billion valuation.”