Quote · All-In with Chamath, Jason, Sacks & Friedberg
Inside the Private Stock Market Boom: SpaceX, Anthropic, OpenAI & the Rise of Secondaries
Where this was said
SPVs, the Forge-Schwab Deal, Democratizing Private Market Access
At 15:14 · chapter starts 13:28
Many venture capitalists focus exclusively on buying, forgetting that returning liquidity to LPs is the goal. Taking chips off the table during high-priced private secondary rounds is a fiduciary duty.