Private market data suggests pre IPO investing interest is driven by lower correlation to public equities, with Forge Global reporting a 15% rise in private shares traded compared to Q4 Regardless of why the decks were leaked or by whom, the data they contain is a rare look at how the firm has evolved. I spent some time yesterday afternoon trying to piece together a picture of a16z’s profits, based on what’s publicly known, and the new data that leaked. I hesitate to share them in full because any detailed conclusion requires too many assumptions to be useful. But I will tell you three indisputable takeaways from my analysis: This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Securities will only be offered to accredited investors under Regulation D Rule 506(c) pursuant to offering documents. Prospective investors should review all materials carefully and seek advice from financial and legal advisors. Latest market signals for pre IPO investing indicate capital rotation into fintech and biotech, with Crunchbase noting a surge in secondary share sales. Hedge funds are strategically accumulating positions ahead of the SEC’s expected easing of listing timelines.
