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‘Secondaries summer’ is over, but 2024 looks promising

From TechCrunch

By Karyne Levy

December 8, 2023

‘Secondaries summer’ is over, but 2024 looks promising

Secondary venture activity has ebbed and flowed over the last few months, following a particularly busy summer. But 2024 may see investors returning for good, writes Rebecca Szkutak. Full TechCrunch+ articles are only available to members. Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription. “The buyer universe for pre-IPOs expands […]

© 2023 TechCrunch. All rights reserved. For personal use only.

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Neil Rimer thinks the AI money is coming back out

Neil Rimer thinks the AI money is coming back out

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Jul 17, 2026

Databricks hits $188B valuation, extending its run as AI’s favorite second act

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Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

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NEA quietly reenters the secondaries market

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Summer’s secondary surge didn’t last, but 2024 should be strong

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Dec 6, 2023

From Skims to Stripe, here are the startups that are likely — or definitely — not having IPOs this year

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Last year’s investor dreams of a strong 2024 IPO pipeline have faded, if not fully disappeared, as we settle in to the second half of the year. This year delivered four venture-backed tech IPOs — Reddit, Astera Labs, Ibotta and Rubrik — in March and April, which made it seem like this year could spur the momentum investors had hoped for in 2023. But secondary investors and IPO lawyers recently told TechCrunch that despite these four successes, macro conditions like the upcoming presidential ele

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Apr 30, 2025

Most Recent

Neil Rimer thinks the AI money is coming back out

Neil Rimer thinks the AI money is coming back out

Neil Rimer, the venture capitalist who co-founded Index Ventures, predicts the historic wealth AI is generating in Silicon Valley will have to be redistributed, voluntarily or involuntarily.

Jul 17, 2026

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models for coding.

Jul 17, 2026

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

The potential deal highlights a growing trend of complex, multi-stage funding rounds that mask true entry prices.

Jul 17, 2026

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Founders Fund hires former OpenAI exec Ryan Beiermeister (and not because of her ‘Mafia’ skills)

Ryan Beiermeister, who demonstrated cool analysis in the Founders Fund YouTube series "Mafia," has joined the firm as a partner.

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Similar Posts

NEA quietly reenters the secondaries market

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New Enterprise Associates (NEA) is getting back into the secondaries game. The Silicon Valley-based VC raised more than $468 million for NEA Secondary Opportunity Fund, according to an SEC filing. The fundraise closed on July 3, according to a source familiar with the matter, but hasn’t received much attention. The fund raised capital from more than 60 limited partners including the San Francisco Employees’ Retirement System, which committed $20 million to the fund, according to meeting docume

Aug 28, 2024

Summer’s secondary surge didn’t last, but 2024 should be strong

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Secondary activity was inconsistent this year, but if the IPO window opens back up in 2024, secondaries should return with it.

Dec 6, 2023

From Skims to Stripe, here are the startups that are likely — or definitely — not having IPOs this year

From Skims to Stripe, here are the startups that are likely — or definitely — not having IPOs this year

Last year’s investor dreams of a strong 2024 IPO pipeline have faded, if not fully disappeared, as we settle in to the second half of the year. This year delivered four venture-backed tech IPOs — Reddit, Astera Labs, Ibotta and Rubrik — in March and April, which made it seem like this year could spur the momentum investors had hoped for in 2023. But secondary investors and IPO lawyers recently told TechCrunch that despite these four successes, macro conditions like the upcoming presidential ele

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The rise of retail investors in secondaries, and why delayed IPOs will become the norm

The rise of retail investors in secondaries, and why delayed IPOs will become the norm

⁠Jared Carmel⁠ of Manhattan Venture Partners joins Equity to dig into what he calls a “once-in-a-generation opportunity” in secondaries, and why he sees this market as a “pressure relief valve” that could keep startups private well past their startup years.

Apr 30, 2025