Top private companies avoid open secondary marketplaces for price discovery
Christian Garrett · Christian Garrett (137 Ventures) on Investing and Markets · Mar 27, 2025 · at 8:10
Christian Garrett, Partner at 137 Ventures, explains why open secondary trading platforms struggle with top-tier private companies compared to bespoke, company-sponsored processes.
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“The best companies want to control their cap table. The best companies have unlimited demand. Right. And so in that essence, you don't need a broader market to have random buyers and sellers to do price discovery. Right. And so I think the best companies generally like to run their own processes and work with, you know, their major shareholders.”
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