Tag Archives: secondary market

Invest In Us, Not Them

Bare knuckles capital raising comes to Silicon Valley as Uber starts telling its investors where they can put their money. Confidentiality provisions are standard, but requiring offerees not to invest in competitors is pretty rare. Uber has asked its investors … Continue reading

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If VCs Are Happy, Should Crowdfunders Be Also?

Does consensus mean truth? University of San Francisco Professor Mark Cannice’s recent poll of venture capitalists shows that the VCs’ index of feelings of confidence is climbing fast but has not yet reached the pre-recession level. This is primarily due … Continue reading

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New Secondary Market for Private Companies

Startup Equidate is attempting to create a new secondary market for private company shares by not trading their shares. Instead, the investor gets a derivative contract and an asset backed loan. The investor apparently buys the shares now for delivery … Continue reading

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Single State Secondary Markets – Too Small?

Michigan has become the fourth state to permit intra-state crowdfunding of up to $2 million and is considering an intra-state stock exchange to create liquidity for those investors. However, a mini-market for a small number of shares will likely not … Continue reading

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Nasdaq Wants In On Crowdfunding Market

In order to get a handle on the new private equity trading markets now being made popular by crowdfunding under Regulation D, the Nasdaq has announced that it will be accelerating the opening of its new trading platform called the … Continue reading

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Crowdfunders Need More Angels

Crowdfunders ¬†should note certain Angel investing facts (2012): 268,160 active angels; $341,800 average deal size; 21.8% Angels are women; top 3 investment categories: software, health and retail; it takes about 7.35 years to achieve a liquidation event in an IPO; … Continue reading

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Crowd Funding Rules Not Creative Enough ?

The NYTimes finds the SEC’s proposed crowdfunding regs to be weak and unimaginative. Noting that most professional VC investments payoff only 20% of the time and that the rules don’t prevent fraud (what rules do?), the article bemoans the lack … Continue reading

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Get ‘Em While They’re Young

Nasdaq, seeing an increase in private (crowdfunded?) companies seeking a market for their shares, has partnered with Shares Post to create the Nasdaq Private Market, advertised to be “the preeminent marketplace for private growth companies.” The press release states “The … Continue reading

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