Plaza Ventures Targets 18 to 36 Month Secondary Liquidity Windows
Matthew Liebowitz · 1356 Early Employee Who Wants to Sell A Few Shares? Plaza Ventures New Model Is What You Need. · Apr 11, 2019 · at 8:56
Matthew Liebowitz, General Partner at Plaza Ventures, explains how his secondary tech fund differs from funds that delay company IPOs.
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“So we are not buying out other VC funds. We're not, the pitch is to the, to management is not, Hey, We're investing in your company and thus it could delay an IPO. It's actually quite the opposite. We're actually going down a level or two and going and buying out employees and angel investors, right? So this isn't meant to replace an IPO. It's actually pre IPO or pre M&A is where we're coming in. So we're actually encouraging our companies to go for some sort of big material liquidity event in the next 18 to 36 months.”
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