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This is a self-serving statement. You really don't hear anyone else repeating this. What's wrong is that SecondMarket has to exist to fill a large liquidity v
by wavephorm 15y ago
This is a self-serving statement. You really don't hear anyone else repeating this. What's wrong is that SecondMarket has to exist to fill a large liquidity void between startups and public companies.
What I'd love to see is a public stock market akin to Toronto's Venture Exchange, but specifically for technology companies. A mini-NASDAQ if you will. If I could raise money in the public market I could skip VC's, brokers, underwriters and all these middlemen between my company and potential investors.
- bproper 15y agoI think his point is that not every company can get to $1 billion valuation or wait ten years before going public. Like you said, there is a big void to fill, and one that could be very productive for the startup ecosystem. Think of all the tech companies that can get to $150 M. in a couple of years and still need sensible capital to grow before they are ready for the big time.