Someone needs to build out the auction infrastructure where all market participants (institutional buyers, high-net-worth individuals, retail investors) can participate. Until recently Wall Street investment banks had a stranglehold on high-net-worth individuals, but that's changing.
SecondMarket is probably in the best position to implement this - they already have access to trading activity of mature private companies, and while they don't do auctions, they do run order books for large lots.
Comments
Someone needs to build out the auction infrastructure where all market participants (institutional buyers, high-net-worth individuals, retail investors) can participate. Until recently Wall Street investment banks had a stranglehold on high-net-worth individuals, but that's changing.
SecondMarket is probably in the best position to implement this - they already have access to trading activity of mature private companies, and while they don't do auctions, they do run order books for large lots.