links for 2009-05-25

  • Noted venture capitalist Tim Draper is teaming up with investors to fund a private exchange for institutional investors to trade shares of start-up companies, calling it a "springboard" to an IPO.
    Despite signs of life in the frozen public market, with Open Table making a robust public debut on Thursday, venture capitalists have struggled to take companies public as the recession killed investor appetite for new stocks.
    Speaking at the Reuters Global Technology Summit in New York, Draper said the exchange would be a venue for entrepreneurs to raise dollars, while providing venture capitalists a way to recover their investments.
    (tags: vc)

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