StepStone raised the largest fund dedicated to investing in venture secondaries ever, the firm announced last week. This fundraise doesn’t just say a lot about StepStone’s venture secondaries […]
Carta’s valuation to be cut by billions in an upcoming secondary sale
Carta, a once-high-flying Silicon Valley startup that loudly backed away from one of its businesses earlier this year, is working on a secondary sale that would value the […]
VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market
VCs are clamoring to invest in hot AI companies, willing to pay exorbitant share prices for coveted spots on their cap tables. Even so, most aren’t able to […]
Airtree Ventures already returned its first fund thanks to Canva while maintaining the majority of its stake
Venture secondaries has exploded over the last couple of years. While some firms have used the increase in activity to build up their positions in their most promising […]
Reddit’s IPO has begun with shares soaring 60% within minutes
Shares of social forum giant Reddit opened today at nearly $47 per share, then quickly soared to around $55, up about 60% in heavy volume from its IPO […]
Founders may have given VCs too much power to block an IPO
Founders might have unintentionally given their VCs too much power to block an IPO Rebecca Szkutak 7 hours While some investors are loudly bemoaning that the IPO window […]
VCs will get liquidity in 2024 from the secondary market, not IPOs
If you asked a bunch of VCs at the end of 2023 if the IPO market would finally open again in 2024, most of them would have said […]
New report confirms Europe’s tech investment doldrums, but there are signs of life
Europe is suffering from a big hangover after the tech investment party of the 2020-2021 period. That said, compared to pre-pandemic levels, VC investment in European startups is […]
Reddit should go public at $5 billion, according to secondary data
Reddit filed its S-1 last week and is set to take the bold step of being the first venture-backed public listing of 2024. If successful, Reddit has the […]
With liquidity rare, VCs may get creative to return investor cash
Welcome to the very last issue of The Exchange! With TechCrunch+ sunsetting this month, The Exchange column and its newsletter are also coming to an end. Thank you […]