As a countdown to the World Economic Forum’s annual meeting at Davos, we’re profiling all 30 of our fellow 2011 Tech Pioneer award winners. Check our full profile series to learn more.
What they do:
SecondMarket is a secondary market for illiquid, restricted, and alternative investments–for example, shares of private companies, bankruptcy claims, mortgage-backed securities, collateralized debt obligations, and much more. Buyers get liquidity and sellers can find unique investments. It’s a win-win situation for both parties.
Why it’s cool:
SecondMarket’s independent marketplace provides both pricing transparency and asset transparency–buyers and sellers can follow the bidding process, and understand the implications of their decisions. SecondMarket provides liquidity to sellers who would have few options otherwise.