Posted on August 04, 2022
It has been an exciting few months for tZERO. We have a platform that enables average investors to trade shares of private companies as easily and efficiently as they trade shares of Apple. The value of our ecosystem is becoming increasingly relevant as companies remain private longer, while their investors have limited options for secondary liquidity.
Today, there are half as many public companies as there were in the late nineties (~8,000 vs ~4,000 today) and more of the value creation has shifted to the private stage of a company’s lifecycle. Furthermore, the multiples that companies today are achieving post-IPO are often a fraction of what was achieved from Series A through IPO. Unfortunately, average investors generally do not have access to these private assets. Moreover, secondary transfers for these securities, if they happen at all, largely occur through slow, expensive, and opaque private transactions.
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