E419: Venture Capital Has a Liquidity Crisis
2026-08-21 · 39 min · episode 419 · 7 entities
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Feed author/publisher: David Weisburd
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Feed category: Business
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Feed category: Investing
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Feed category: Investing
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E419: Venture Capital Has a Liquidity Crisis
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Feed category: Investing
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Feed author/publisher: David Weisburd
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Feed author/publisher: David Weisburd
companys 2
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Feed category: Business
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evidence rules-v5
Feed category: Business
Episode description as stored
Venture capital was designed around a relatively simple model: invest in a startup, help it grow, and eventually exit through an acquisition or IPO.
David sits down with Benjamin Black Powerlaw Corp. (Nasdaq: PWRL), Akkadian Ventures, Ben invests in growth-stage technology companies while providing alternative liquidity to founders, employees, angel investors, and venture funds.
In this episode, Ben and David unpack the evolution of the venture secondary market, why great companies staying private longer creates an entirely different opportunity set, how sophisticated investors price illiquid private-company shares, and why liquidity itself is becoming a critical piece of venture capital infrastructure.
The result is a different way to think about private markets: the investment opportunity doesn't end after the primary financing round.