I get a weekly "Unicorn List" email of secondary shares available in notable companies (via a broker). On 10/4/21 there were 32 names. Today there were 103 names... Probably nothing 🧐
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(For those who aren’t in the private markets, an increase in people selling secondary in highly valued companies is generally a negative signal. 🐻 People generally don’t want to sell when things are good/they believe there’s 10X upside.)
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Setter Capital just hit me with an unknown # so I’d pick up… these critters are adapting in this climate.
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Pretty vanilla observation… 1) the world is at peak economic unrest, way more than peak Covid 2) market dynamics are rapidly shifting toward fluid liquidity 3) people work their asses off and want to mitigate risk 4) more companies are offering limited secondaries to employees
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If only there was an easy way to diversify yourself when entering into widespread downward market cycles!! 😉
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