Trends with Benefits #132: Unlocking the VC Secondary Market

This episode’s guest is Javier Avalos, CEO of Caplight, who discusses the VC secondaries market and its evolution alongside public markets. He shares insights on the Elon Musk Crossover Index, which tracks the performance of Musk-led companies like Tesla, SpaceX, and xAI. Javier also explains how secondary markets offer investors access to high-growth private companies before they go public. As the IPO market remains sluggish and private markets expand, Caplight is helping investors by providing data and insights to navigate the complex world of pre-IPO investing.

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Unlocking the VC Secondary Market

Show Notes:

2:10 Tracking the Elon Musk Crossover Index

5:34 What’s happening in public markets

7:57 Defining the VC secondary market

10:30 What’s fueling the secondary market

18:00 Trends in types of shares coming to market

21:20 Features of Caplight

28:16 Exciting companies in 2025

32:38 Long-term trend

34:44 Trend or fad

Trend or Fad

Listen for Javier’s take on artificial intelligence, “build in public” founders, and biohacking.

Follow Ed Lopez @thatEdLopez on X (Twitter).

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