Developing secondary markets for venture capital investments
Ep. 49 of the EIS Navigator #podcast out now: Developing secondary markets for venture capital investments | Mason Doick of JP Jenkins
One of the challenges that venture capital investors have to accept is that there probably won’t be liquidity for their shares until the company exits. Several companies have been trying to change that, not entirely without success, with JP Jenkins one of the longest standing. Its Head of Corporate Development, Mason Doick, comes onto the podcast to discuss the state of play and prospects for things getting better.
We talk about the challenges for improving matters. Mason gives good perspectives on the lack of liquidity, as we dig into why it’s so hard. He compares the UK and the US, which has been doing better, and we discuss what lessons we can learn here to improve matters.
We also get into the challenges of getting appropriate information flows – how some private companies don’t understand the long-term benefits of getting those flows right. Mason also talks about the typical companies that achieve successful secondary markets and how companies can start preparing facilities for their investors when the time is right.