Cooper: Regulated secondary markets for private stock will expand over 10 years
Scott Kupor · How to Understand and Choose a Venture Investor · Jun 14, 2019 · at 25:26
Scott Cooper, partner at Andreessen Horowitz, shares his outlook on how financial markets will evolve for private tech companies over the next decade.
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“And I think the third big thing that we're going to see over the next 10 years is more of a blending of private and public markets. So today you have this interesting dichotomy, which is you're private, and then we flip a switch and all of a sudden, you know, you're public and, you know, you have a stock price and you have new investors and, you know, we ring the bell at the stock exchange, all these fun things. I think there is a continuum that we're already starting to see, and I would expect over the next 10 years you will see a more active Secondary market, which means a resale market for private stock that happens in the private markets, but that is a little bit, you know, may have some elements of regulation.”
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