[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Endowment Eddie [@endowment_eddie](/creator/twitter/endowment_eddie) on x 4315 followers Created: 2025-07-13 17:48:13 UTC If VC is competitive now, the ‘what if everything goes right’ scenario on liquidity will send it to the stratosphere. $140B of market cap from this year’s IPO ($CRWV, $CIRC, $HNGE, etc.) YTD. $160B annualized M&A. Now add Figma and Navan—another $30B of market cap. What if Bytedance and the cohort of $400M+ ARR payroll/payment/expense mgmt platforms go public? What about OpenAI, Anduril etc.? We’re talking up to $1TRN or more of active market cap and M&A in the next 12-18mos. Assume VCs own 2/3 of all this and it gets distributed over 3yrs. We’d runrate at $200-250B of LP distributions annually. This would dwarf the ‘20-21 peak. XXXXXX engagements  **Related Topics** [market cap](/topic/market-cap) [open ai](/topic/open-ai) [$400m](/topic/$400m) [bytedance](/topic/bytedance) [$30b](/topic/$30b) [$160b](/topic/$160b) [$circ](/topic/$circ) [ipo](/topic/ipo) [Post Link](https://x.com/endowment_eddie/status/1944453828029382676)
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Endowment Eddie @endowment_eddie on x 4315 followers
Created: 2025-07-13 17:48:13 UTC
If VC is competitive now, the ‘what if everything goes right’ scenario on liquidity will send it to the stratosphere.
$140B of market cap from this year’s IPO ($CRWV, $CIRC, $HNGE, etc.) YTD. $160B annualized M&A.
Now add Figma and Navan—another $30B of market cap. What if Bytedance and the cohort of $400M+ ARR payroll/payment/expense mgmt platforms go public? What about OpenAI, Anduril etc.?
We’re talking up to $1TRN or more of active market cap and M&A in the next 12-18mos.
Assume VCs own 2/3 of all this and it gets distributed over 3yrs.
We’d runrate at $200-250B of LP distributions annually. This would dwarf the ‘20-21 peak.
XXXXXX engagements
Related Topics market cap open ai $400m bytedance $30b $160b $circ ipo
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