Hot Secondaries, Now Selling on Nasdaq (Well, Kind of)
Before, investors in private companies had to rely on secondary market exchanges’ accreditation process to accept them in order to start buying into late-stage startups pre-IPO. Before, they were subject to hefty transaction fees if they wanted to jump into shares of startups like Facebook, so that they would have to realize a share value gain just to hit breakeven, if they were short-term buyers. That was before. Michael Moe, one of the founders of GSV Capital Corp., changed that....
20 May 2011•2 mins read
