Jack Leeney of 7GC: Why IPOs Are Optional Now

About this episode

Jack Leeney discusses the evolution of IPOs and the future of AI investment.

Summary: Jack Leeney, partner at 7GC, shares insights from his career at Morgan Stanley — where he worked on IPOs for Tesla, LinkedIn, and Facebook — to his current role investing in AI. He breaks down how IPO pricing works, why the public markets have shrunk, and why smaller IPOs still matter. He discusses key 7GC investments including Hims (telehealth), Jackpocket (digital lottery, acquired by DraftKings), and Anthropic (enterprise AI). Jack explains why Anthropic's B2B focus gives it a compelling edge, and why true enterprise-wide AI adoption, currently only ~10% of Fortune 500 companies, represents a massive opportunity over the next decade.

People in this episode

Guest: Jack Leeney

Topics covered

• IPOs
• AI investment
• public markets
• telehealth
• digital lottery
• enterprise AI adoption

Keywords

• IPO pricing
• public markets
• AI
• Hims
• Jackpocket
• Anthropic
• enterprise-wide AI
• Fortune 500

Mentioned in this episode

Organizations: 7GC, Morgan Stanley, Tesla, LinkedIn, Facebook, Hims, Jackpocket, DraftKings, Anthropic

Places: Fortune 500

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