<ul><li>The current market situation is not a bubble like 2000, as shown by the low number of tech IPOs compared to that era.</li><li>It is more of a liquidity crisis where there is a lack of access to public markets for capital, hindering innovation and growth.</li><li>The importance of functioning public markets is emphasized for AI companies with significant upfront costs and infrastructure needs.</li><li>The focus should be on revitalizing well-regulated capital markets to unlock the potential of growth companies and ensure innovation continues to thrive.</li></ul>

No, This Isn’t 2000 Again: Why the Real Problem Is a Liquidity Crisis, Not a Bubble

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