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secondaries

What StepStone’s $3.3B venture secondaries fund tells us about LPs’ current appetite for venture

by Edgar Davis
What StepStone’s .3B venture secondaries fund tells us about LPs’ current appetite for venture

StepStone raised the largest fund dedicated to investing in venture secondaries ever, the firm announced last week. This fundraise doesn’t just say a lot about StepStone’s venture secondaries investing prowess, …

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VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market

by Edgar Davis
VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market

VCs are clamoring to invest in hot AI companies, willing to pay exorbitant share prices for coveted spots on their cap tables. Even so, most aren’t able to get into …

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App economy recovered in 2023, with $171B in consumer spending, but downloads were flat

by Edgar Davis
App economy recovered in 2023, with 1B in consumer spending, but downloads were flat

After the app economy slowed for the first time ever in 2022, things picked up pace again over the past year. According to app intelligence provider data.ai’s annual “State of …

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A Stripe secondary deal worth paying attention to

by Edgar Davis
A Stripe secondary deal worth paying attention to

Venture capitalists and founders are hoping — praying? — for exits to pick back up in 2024. A recent TechCrunch+ survey found that there is consensus among VCs that exits will start …

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