As Barry E. Silbert, CEO of SecondMarket describes in the video, SecondMarket is a secondary marketplace for the trillion of dollars of alternative investments that are out there. In particular, SecondMarket has created a marketplace for private company stocks like Facebook, Twitter etc.
I first heard of SecondMarket when I was reading BusinessInsider’s 2010 The 20 Hot New York City Startups You Need to Watch. SecondMarket was one of them. At that point I did not read too much into it but these days SecondMarket has been getting a lot of press. I recently signed up to receive updates from SecondMarket and enjoy following its success.
Have you used SecondMarket? What are your thoughts on it?