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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – What Are Secondaries
Description: What Are Secondaries Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Secondaries stands for secondary sales which refers to selling privately held stock in startups to other buyers. This arises from several sources such as investors who want to get into the deal after the fundraise is complete or employees who want to sell some of their shares. Secondary sales are on the rise since companies are staying private much longer. Investors often want to apply some of their startup capital into companies in the three years before a...