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

Published on September 27, 2011
by Liz Gannes

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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URL: http://allthingsd.com/20110927/secondmarket-employees-and-shareholders-sell-13m-in-shares-on-secondmarket/