"Collectively, we owe it to founders and investors, and the economy, to create reliable secondary markets. That’s why Equidate was founded."
No we don't! There are no reliable secondary markets and there is not going to be one simply because they are based on pure speculation. It exists for one reason only - shareholders of pre-IPO companies don't want to wait years and hence are willing to trade their shares for immediate cash.
Secondary markets are just another way to create derivates. And we all know how unregulated derivates turned out!
No we don't! There are no reliable secondary markets and there is not going to be one simply because they are based on pure speculation. It exists for one reason only - shareholders of pre-IPO companies don't want to wait years and hence are willing to trade their shares for immediate cash.
Secondary markets are just another way to create derivates. And we all know how unregulated derivates turned out!