Company Secondaries

topic on 1 show · 2 statements across 1 episodes

20VC

2 statements about Company Secondaries, every show

20VC Prediction Not checkable as stated
Somerville: Company secondary buyers lacking management relationships will get burned
“A lot of people that look at company secondaries Don't have a relationship with the management of these companies and don't get full information. So they're actually buying in a very imperfect way with not a lot of granularity on what actually the company is d…”
Hunter Somerville Mar 4, 2023 ▶ 25:14 Hunter Somerville: Biggest Mistake LPs Make; Deep Dive into Secondary Markets | 20VC #985 · 20VC with Harry Stebbings
20VC Disclosure
Somerville: LP interest secondary discounts range 30-45%, company secondaries 20-35%
“On LP interest, a lot of what we're seeing is in the 30 to 45% range. A lot of what we're seeing on the company secondaries is in, like, the 20 to 35% range.”
Hunter Somerville Mar 4, 2023 ▶ 23:58 Hunter Somerville: Biggest Mistake LPs Make; Deep Dive into Secondary Markets | 20VC #985 · 20VC with Harry Stebbings

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