The rise of retail investors in secondaries, and why delayed IPOs will become the norm
12Retail investors are increasingly shaping the secondary market. In Q4 2024, platforms like EquityZen reported (https://blog.equityzen.com/equityzen-private-markets-year-in-review-2024) that 86% of total transaction volume came from retail participants—an eye-catching shift as tools like Forge and EquityZen promise broader access to private shares.
But does more access mean more opportunity, or more risk? Today on Equity (https://techcrunch.com/podcasts/equity/) , Rebecca Bellan is joined by Jared Carmel (https://www.mvp.vc/team/jared-carmel) of Manhattan Venture Partners to dig into what he calls a “once-in-a-generation opportunity” in secondaries, and why he sees this market as a “pressure relief valve” that could keep startups private well past their startup years.
Listen to the full episode to hear more about:
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Why a sluggish IPO market is pushing more action into secondaries
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How this creates a flywheel for venture capital
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And why Jared thinks robust secondary markets will delay (or eliminate) the need for IPOs altogether
Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday.
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Credits: Equity is produced by Theresa Loconsolo with editing by Kell. We’d also like to thank TechCrunch’s audience development team. Thank you so much for listening, and we'll talk to you next time.
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