oh noes, what a morons
WILL HIGH VALUATIONS AND PRE-IPO EXITS IN THE SECONDARY MARKET AMONG INTERNET DARLINGS LEAD TO THE NEXT BUBBLE?
http://tommytoy.typepad.com/tommy-to...e-is-in-t.html
As you can see from the above information, SecondMarket is doing a lot of business and making a lot of money on trading commissions. However, a larger percentage of individual accredited investors are buying the private stock of internet startups, making you wonder whether insiders and early investors in many of these startups, will leave those individuals (albeit wealthy individuals) holding the bag when the music stops.
The lack of transparency and the outrageous valuations for startups that make nothing should concern every investor.
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