Care to swap?

Posted on April 23rd, 2009 – 3:22 PM
By Thomas Lee

Interesting story in today’s New York Times about SecondMarket, which is developing a trading system in which investors and shareholders can swap shares of privately-owned start-ups.

With venture capitalists and angel investors unable to exit their investments through IPO or sale, SecondMarket says it can enable investors to unload some of their portfolio companies.

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