361Firm's Menlo Park Conference - Secondaries Panel led by Anurag Chandra

361Firm's Menlo Park Conference - Secondaries Panel led by Anurag Chandra SUMMARY: The 361Firm's Menlo Park Secondaries Panel discussed the evolving venture secondary market, emphasizing its growth and challenges. Key points included the extended liquidity cycles, now averaging 14 years, and the structural issues preventing companies from going public earlier. Panelists highlighted the role of secondary funds in addressing liquidity needs, particularly for smaller funds and employees. They noted the importance of data science in identifying high-potential companies and the need for realistic valuations. The discussion also covered the complexities of secondary transactions, including the impact of SPACs and the potential for tax credits through donor-advised funds. KEYWORDS Venture secondary market, liquidity cycles, private asset classes, practical venture capital, AI impact, technology sector, secondary funds, LP distribution, exit strategies, valuation challenges, data science, late-stage investments, employee liquidity, secondary market growth, investment risks. SPEAKERS Anurag Chandra, Dave McClure (Practical VC, 500 Startups), Raj Gollamudi (One Prime Capital), Lara Druyan (SV Data Capital, Palo Alto), Paul Kang (SFO), Eli Tenenbaum (SFO), Mark Sanor (361Firm), Reg Athwal You can subscribe to various 361 events and content at https://361firm.com/subs. For reference: Web: www.361firm.com/homeOnboard as Investor: https://361.pub/shortdiagOnboard Deals 361: www.361firm.com/onbOnboard as Banker: www.361firm.com/bankersEvents: www.361firm.com/eventsContent: www.youtube.com/361firmWeekly Digests: www.361firm.com/digest