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406 The Summer of Stake Sales

The Information
Kate Clark @ The Information · 08/31/2023 16:25 EDT

The Summer of Stake Sales

Venture capitalists need to show their limited partners they can make money off their past investments if they have any hope of raising another fund in the future. That’s what’s driving a number of attempted startup stake sales this summer. In two of the latest instances, Tiger Global Management and Chamath Palihapitiya’s Social Capital are trying to sell positions in their venture portfolios, as The Information reported. In some cases, notably Tiger’s sale of a stake in artificial intelligence startup Cohe

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