Understanding Secondaries in Venture Capital

​Sustainable Future Ventures in conjunction with Industry Ventures, Goodwin and Jefferies is excited to host a panel on Understanding Secondaries in Venture Capital.

​Venture capital funds, perhaps now more than ever, are under intense pressure to exit companies and generate returns that allow them to distribute capital back to their LPs. IPO markets remain closed for most companies and acquisitions are difficult to catalyze which increasingly leaves GPs looking at a third option: the secondary market. At this event we bring together industry experts to understand exactly what is the secondary market and then double click on some of the key questions that venture funds, their portfolio companies and their LPs should all be thinking about like:

• ​What are the various types of secondary transactions and what are their trade-offs

• ​What are the typical drivers for secondary transactions? How are they viewed by the various parties involved (GP, portfolio companies, LPs)?

• ​What role can LPs play in encouraging or discouraging secondary sales in portfolio companies?

• ​What do the processes look like (timelines, discounts, etc.)? What are the risks involved?

• ​How do the portfolio companies engage on secondary transactions?

​We'll have Justine Huang Burns from Industry Ventures, one of the longest tenured funds in the secondary market, Jacqui Eaves, a partner at Goodwin and one of the leaders of their secondary practice and Nick Laszlo who is an SVP at Jefferies to share their knowledge.