PRAISE OUR LORD FOR SECONDARY MARKETS, BECAUSE SELLING SHARES IS NOW AN ESSENTIAL PART OF (SEED) VENTURE CAPITAL

Summary from the TLDR Founders newsletter

Seed stage VCs are shifting from a "buy and hold" strategy to considering secondary sales due to prolonged timelines to exit, alignment gaps, and changing market dynamics. This shift enables better capital recycling and supports portfolios by addressing liquidity needs. Secondary sales are becoming a primary method for returning capital to LPs as the venture landscape evolves.