Reported 12 days ago
Silicon Valley's secondary markets are thriving, as venture-backed startups are projected to see transactions exceeding $21 billion in 2024, buoyed by tender offers allowing employees and investors to sell shares directly. With IPOs declining, companies like SpaceX and OpenAI are facilitating these transactions to help employees access liquidity, while venture capitalists also seek exits through secondary markets. This shift marks a significant transformation in how startups manage share liquidity and employee compensation amid a challenging funding landscape.
Source: YAHOO