The VC liquidity drought drives venture capitalists to consider direct secondary markets There are few to no exits for venture-backed deals and limited partners are having a tough time making capital calls. All this is good news for direct secondary market players, like Saints Capital and Ken Sawyer, the founder of Saints Capital. BF: U.S. venture industry is suffering its worst liquidity drought. Has this made VCs more open to doing deals with you?KS: I think they’re becoming more open to doing direct-secondary transactions. This market hasn’t been around for long. As a venture capitalist, you typically think of exits in two ways – sell it or take it public. It’s been only two forms of exit opportunities.. your optinos are few and far between. As a result, people are saying much ...   [ Read more ]