Bull Market

Bull Market

SecondMarket Userbase Grew 152% Over Last Six Months

blue investor

SecondMarket, the web-based trading platform for alternative assets, released a very positive Q1 report today! The service gained more than 18,000 participants in the first quarter, surpassing 50,000 participants–a 52 percent increase quarter-on-quarter and 152 percent increase over the past six months, the company said. And based on first-quarter results, SecondMarket could be on track to broker more than $1 billion in private company shares in 2011. Read More

Bull Market

SEC May Make it Easier For Everyone to Invest in Startups

Mary Shapiro

News broke this morning that the SEC is thinking about relaxing the limit that keeps private companies from having more than 500 shareholders. It’s a move that would reshape the tech world, making it possible for companies to significantly delay their IPOs by relying on a broad pool of wealthy individuals to provide them capital to grow. It’s troubling as well, since it would mean more small investors putting money into firms that don’t make their financials public.

“Just because you can afford a car, doesn’t mean you know how to drive one,” quipped Larry Lenihan, CEO of First Mark Capital and a board member at SecondMarket, in a call this morning. Read More