The U Lab 60 seconds - Venture Capital and Startups Brief | Ep. 13 on Venture Secondaries #vc

The U Lab 60 seconds with Hurratul - Venture Capital and Startups Brief | Ep. 13

Everyone wants a piece of @spacex, @openai, and Anthropic (@claudeai) before they go public.

Venture secondaries are making that possible.

But PitchBook's latest analyst note reveals something the market is not talking enough about.

Many of these secondary trades are happening without the startups ever authorizing them. The companies have never been in contact with the sellers.

@pitchbookdata draws one comparison. SPACs. Capital flooded in. Discipline did not. Their deSPAC index is down 75% from peak.

And now PitchBook mentions that SPVs, Special Purpose Vehicles, have become the preferred vehicle for outright fraud.

Venture secondaries are being called the next liquidity solution for VC.

Maybe. Or maybe they are the next cautionary tale.

My question for you is: if the trade was never authorized, is this investing or fraud? And if it is fraud, why is no one regulating it? Or is self regulation by the industry the only way forward?

Source: PitchBook Analyst Note by Kyle Stanford, CAIA and Emily Zheng, March 25 2026. Full note linked below.

#pitchbook #venturecapital #IPO #investors #TheULab

Видео The U Lab 60 seconds - Venture Capital and Startups Brief | Ep. 13 on Venture Secondaries #vc канала Hurratul