Not personally privy to JD's financial situation so the...

Not personally privy to JD's financial situation so the following are guesswork by placing myself in his shoes:

1. If I came to wealth as an investor of tech startups, most of that wealth is likely to be tied up in unlisted equity or pref shares.
2. If I want to maximise my returns (and acceptance by the startup community as a bonafide investor), I will have to refrain from asking for money back from these companies while they are still ramping up.
3. This then means I have set aside money for my living expenses. I will need to top up this expense account on a periodic basis. If I do not receive sufficient cadh income, I will have to sell some equity.
4. Out of my portfolio of startups and speculative stocks, what can I sell? The easiest to sell would be any company that is listed. That is what the listing is for - liquidity.

Hence, 4DS becomes a candidate for JD to sell to top up his living expenses. For us investors, listing is a double edged sword. Remember that listing a company represents liquidity to the existing shareholders. It exists for the early investors to exit. On the other hand, if 4DS behaves more like a tech startup, it would be private and none of us with swallower pockets would have the ability to partake in this journey.

Back to the cages, everyone.