Demand for private company shares declined in the second quarter versus the first quarter but was up sharply year-over-year, according to a new report released today by SecondMarket. The market for private company stock saw $112 million in transactions last quarter, versus $156 million in the first quarter, or down 39 percent sequentially. On an annual basis, however, it was up 120 percent over the second quarter of 2010, which saw $51 million in transactions. And the $268 million worth of transactions in the first half of 2011, was up 75 percent from the first half of 2010 .
Some of the tempering of demand over the past couple quarters can be attributed to the fact that two of the previous most popular stocks on the market, LinkedIn And Pandora, went public so investor demand simply shifted to the public markets. Demand for shares from new startups filled much of the gap, but was not enough to keep transaction volumes growing compared to the previous two quarters.
To read the full, original article click on this link: Sequoia, Accel, And Union Square Top SecondMarket’s New VC Scoreboard | TechCrunch
Author:Erick Schonfeld
