Liz Gannes

Recent Posts by Liz Gannes

SecondMarket Employees and Shareholders Sell $13M in Shares on SecondMarket

SecondMarket said today that it had used its own liquidity program to sell $13 million worth of employee and existing shareholder stock. The SecondMarket shares, which were sold at a valuation of $160 million, were bought by Chamath Palihapitiya’s The Social+Capital Partnership, A Grade Investments, Yuri Milner and others. A tech company might call this “eating our own dog food,” but SecondMarket CEO Barry Silbert more delicately called it “eating our own cooking” in a blog post this morning.

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus