SecondMarket

News Byte

After Facebook and Twitter, SecondMarket Buyers Lust for Pinterest, ZocDoc and Klout

Liz Gannes in Social on January 19 at 11:20 am PT

SecondMarket, the private market dominated by sales of stock by former employees at consumer Web and social media companies, had more than $558 million in transactions in 2011, for 55 percent year-over-year growth, it said today. Buyers tell SecondMarket they are still most interested in getting shares from regular targets like Facebook and Twitter, but some recent emerging targets include Pinterest, Practice Fusion, ZocDoc, Klout and Kickstarter. (Of course, just because there are would-be buyers doesn’t mean there are sellers.)

News Byte

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

Liz Gannes in News on September 27, 2011 at 8:53 am PT

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.