On average, Apple, Amazon, Netflix, and Google went public and accessed liquidity in four years. The public was able to participate in most of their hyper-growth years.
The average age of technology companies going public in the last ten years was 11-12 years.
Permissionless participation in successful hyper-growth ventures comes with liquidity, which brings volatility to the game.
In the last twenty years, walls were installed to delay and prevent participation and create delayed hidden volatility.