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November 2, 2011 05:58 am GMT
As Erick wrote last week, SecondMarket, the marketplace for alternative investments, has been seeing quite a bit of activity of late. In fact, SecondMarket's private stock transactions in the first three quarters of 2011 totaled $435 million, a 73 percent increase over the same period last year. SecondMarket lays out all these stats and more in its third quarter report, including the breakdown over who exactly is purchasing these shares. Interestingly, VCs made up less than 1 percent of transactions (and only 0.2 percent by dollar amount) last quarter.But, today, SecondMarket is announcing that it has received some serious outside investment of its own. The marketplace today closes a $15 million series C round, led by The Social+Capital Partnership, the new venture fund established by former Facebook VP Chamath Palihapitiya. The former Facebook and Aol VP will also be joining SecondMarket's board of directors.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qoKi6ZKUnM0/
Former Facebook VP Chamath Palihapitiya Invests $15 Million In SecondMarket, Joins Board
As Erick wrote last week, SecondMarket, the marketplace for alternative investments, has been seeing quite a bit of activity of late. In fact, SecondMarket's private stock transactions in the first three quarters of 2011 totaled $435 million, a 73 percent increase over the same period last year. SecondMarket lays out all these stats and more in its third quarter report, including the breakdown over who exactly is purchasing these shares. Interestingly, VCs made up less than 1 percent of transactions (and only 0.2 percent by dollar amount) last quarter.But, today, SecondMarket is announcing that it has received some serious outside investment of its own. The marketplace today closes a $15 million series C round, led by The Social+Capital Partnership, the new venture fund established by former Facebook VP Chamath Palihapitiya. The former Facebook and Aol VP will also be joining SecondMarket's board of directors.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qoKi6ZKUnM0/
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