Once Taboo, Now a $112B Bet on Secondary Markets | Term Sheet
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Once Taboo, Now a $112B Bet on Secondary Markets | Term Sheet
A hidden market for shares of the world's hottest private companies has quietly grown to an estimated $112 billion, and most of it happens off the books. As SpaceX, OpenAI, and Anthropic edge toward going public, the investors who poured billions into pre-IPO shares may not actually know what they own. Larry Aschebrook founded G Squared in 2011 ...
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