Secondary trading picks up as market settles into discount mentality

After months of quiet, the market for secondhand stakes in startups is starting to show signs of life.

2021 was a banner year for secondary deals. Investors of all types were willing to pay premium prices for shares of late-stage, high-growth companies. This year, however, trading of private stock between new investors and existing owners such as founders and employees came to a near-standstill when tech shares tanked… Read Full Article