NEW YORK (CNNMoney) -- Stephan Paternot, founder and general partner of the Actarus Funds, was co-founder and co-CEO of theglobe.com. He authored "A Very Public Offering," which chronicled his experience creating the Internet's first social networking site. Ongoing instability and uncertainty in the stock market has delayed nearly 200 public offerings so far this year, including several high-profile IPOs by tech companies like Zynga and Groupon.
Stephan Paternot is former co-CEO of theglobe.com. He is now an investor. For more about him, click on the photo. However, for those handful of large players and the legions of smaller companies desperately eyeing an IPO further down the line, an alternative has arisen to meet their capital and liquidity needs.
To read the full, original article click on this link: It's the end of the Wall Street IPO as we know it - Oct. 5, 2011
Author: Stephan Paternot
