Navigating Secondary Transactions

While primary investments are the bread and butter of venture capital, they are by no means the only way that investors buy shares. Indeed, for companies that have reached stable profitability, secondaries are sometimes the only way to get involved. They can also be a crucial tool for re-aligning cap table ownership, winning competitive rounds and supporting founders to go big. Naturally, these benefits come with challenges, especially in terms of aligning interests across the transaction. Speaking from both the investor and founder side, our panelists will unpack some of these challenges while sharing their insights from past secondary transactions.