Will Raising Capital Get Easier Than Ever?

Gabe Stengel thinks raising capital will be easier than it has ever been in 10 or 20 years. A business owner or someone who works at a company will go online, click a button, and try to raise capital the way someone goes onto Robinhood and clicks a button to buy an equity.

Fifteen or 20 years ago, every mortgage meant walking into a local branch and speaking with a banker. Buying a house and taking out a loan felt like a very human decision, and no one ever thought you would not want a human in the loop. Now 40 to 50 percent of mortgages are delivered online by platforms like Rocket Mortgage. A huge amount of innovation is coming in how companies transact, how companies raise capital, and how companies raise debt.

It will take five minutes for KKR to figure out whether it can sell a portfolio company to another sponsor, not five months. Pricing an asset will take an order of magnitude less time. Markets will be more transparent, more liquid, and more efficient, and a whole bunch more activity will follow.