photo credit: Olivier Bareau
The IPO market has all but disappeared, and lofty merger and acquisition deals are unthinkable. So entrepreneurs, as well as their employees and investors, are left with few opportunities for unloading their stock.
In April of this year SecondMarket launched a new site called Private Company Marketplace where businesses get to set their own terms on the stock that they own themselves and are trying to unload. Inc.com reported that this new site reaches over 3,000 investors and buyers to match up the sale.