OpenAI is in talks to raise a new round of funding at an eye-popping $ 100 billion-plus valuation, sources told the Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate […]
Carta’s ill-fated secondaries business finally found a buyer
Stock-trading startup Public has acquired the brokerage accounts of Carta’s secondaries business, TechCrunch has confirmed. Carta, best known for its cap table management software, sits on a stockpile of data. It tried to expand into the bubbling hot secondary marketplace brokerage business, but in January, a startup customer publicly accused Carta of using the startup’s […]
NEA quietly reenters the secondaries market
New Enterprise Associates (NEA) is getting back into the secondaries game. The Silicon Valley-based VC raised more than $ 468 million for NEA Secondary Opportunity Fund, according to an SEC filing. The fundraise closed on July 3, according to a source familiar with the matter, but hasn’t received much attention. The fund raised capital from […]
Palico is now the first FINRA-approved company to facilitate online LP-led secondaries deals
Limited partners selling their investment stakes in venture capital funds to other LPs on the secondary market is nothing new. But traditionally these transactions happen offline through an opaque network of brokers that could charge costly fees and prove prohibitive for certain LPs to participate. Palico is looking to change that. Paris-based Palico quietly got […]
‘Freakish’ Arizona cornerback Tacario Davis leads one of nation’s elite secondaries
Sometimes, one player can lift up those around him and turn them into something special — something Arizona cornerback Tacario Davis seems capable of. Pro Football Focus listed Arizona’s defensive backfield at No. 10 in the nation on its list of the best college secondaries in the country in 2024. Arizona also returns starters with […]