Secondary Markets and the Venture Economy: Friend, Not Foe

For decades the venture capital economy of Silicon Valley has been the epitome of technological and business model innovation. Yet some of even the most forward-thinking VCs have bristled at the emergence of market-driven secondary investment exchanges (secondary markets). Before Facebook went public, sales of the company’s shares on the secondary markets brought unprecedented visibility … Continue reading “Secondary Markets and the Venture Economy: Friend, Not Foe”