Jeff Yan: Wealth Is Often Created Before a Company Goes Public On October 15, 2026, Hyperliquid founder Jeff Yan @chameleon_jeff told Bloomberg's Odd Lots podcast @podcasts that when a company goes public at a valuation of several trillion dollars, most of the wealth has often already been created before its IPO. Access to those investment opportunities is limited to a small group, reflecting the limitations of the existing financial system. He argued that barriers to participation should be lowered to give more people equal access to financial opportunities, alongside stronger financial education to help investors assess whether those opportunities suit their risk tolerance.