“The lack of a functional IPO market and sluggish M&A activity has caused investors’ average holding periods in VC-backed companies to double. The result has been reduced returns for investors, financial hardship for founders and employees, and consequently, a very difficult financing market for private companies,” said David Weild, Former Vice Chairman of NASDAQ, current Chairman of Capital Markets Advisory Partners, and an advisor to SecondMarket. “It’s time for innovation,” added Weild. “There needs to be a third path to exit, and the SecondMarket private company marketplace is blazing that path.”

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About SecondMarket

Founded in 2004, New York-based SecondMarket (member FINRA | MSRB | SIPC) is the largest marketplace for illiquid assets, such as auction-rate securities, bankruptcy claims, collateralized debt obligations, residential and commercial mortgage-backed securities, limited partnership interests, private company securities, restricted securities and blocks in small capitalization companies, and whole loans. SecondMarket, which has conducted more than $1 billion in transactions since the launch of the company, has 3,000 participants, including global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors that collectively manage over $1 trillion in assets available for investment. For more information, visit www.SecondMarket.com.
 

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