Secondary market trackers are lighting up a traditionally dark deal environment

As many private companies try to avoid raising capital in the current market, it’s become significantly harder to figure out what companies are actually worth. But a market that’s traditionally even less transparent than venture is providing clues.
The secondary market, where investors can buy and sell existing stakes in a startup or fund, offers a more fluid way to tell how buyers and sellers are valuing companies between formal funding rounds. These deals were traditionally harder to track than primary venture capital deals, as they don’t generally get announced, but a new fleet

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