CEO: SecondMarket Is a Return to Old-Fashioned Investing

Today’s stock markets have “a casino-type mentality” driven by factors like the rise of automated trading and shorter-term average holding periods. People don’t take the time to do research and really get to know a company before they invest in it, in the opinion of SecondMarket founder and CEO Barry Silbert. He thinks SecondMarket–best known for its facilitation of trading of private tech company stock–is a way to bring back a human touch. SecondMarket doesn’t necessarily replace an IPO. But for companies like Facebook, LinkedIn and eSolar, SecondMarket trading slots into a pre-IPO dead zone driven by the longer average time to a public offering–now something like 8.8 years.

BoomTown Can Count on Scooby-Dooby-Don't for Laughs: The Roast Video

Sadly, due to the sniffles and some minor hacking (thanks, kids!), BoomTown had to miss the roast of well-known blogger Robert Scoble that Startup2Startup hosted at its holiday party last night on Pier 38 in San Francisco. I was skedded to be one of the roasters, though, so I sent along a video of all my video encounters over the years at various tech events with the man I like to call Scooby-Don’t. Think Seinfeld and Newman of geeks and you have the right idea.
ScoobyDont