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Nasdaq Private Market on the emerging importance of the secondary market for private company stock

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Nasdaq Private Market on the emerging importance of the secondary market for private company stock

The secondary market for private company stock has emerged as an economically vital ecosystem for millions of U.S. private company employees and institutional investors. A steady and dramatic trend of the past 20 years is that companies are waiting longer to IPO, from roughly five years in 2000 to nearly 12 years today.  As a result, the size of the private market has grown to a staggering size, rivaling that of the U.S. municipal bond market. With over 1,400 unicorns globally valued at approximately $4 trillion according to the Crunchbase Unicorn Board, the private market now rivals the public market in significance to the economy, yet it lacks the basic infrastructure and fundamental plumbing to allow it to function efficiently.

Nasdaq Private Market: bridging the gap in the private market

As the secondary market for private company stock grows, trusted platforms like NPM SecondMarketTM can assist counterparties across the ecosystem. As a comprehensive solution for private stock trading, SecondMarket aims to provide accurate data, streamlined trade lifecycle management, transparency, and reliability for market participants. With a decade supporting clients in the private markets, the company has executed over $50 billion in transaction volume since inception, year to date it has seen more than $4 billion in secondary trading activity. This platform not only brings much-needed order and confidence to a rapidly expanding market but also empowers employees and investors with the tools and information necessary to make informed trading decisions.

Data and guidance

The importance of accurate trade and private company data cannot be overstated in a market where valuations can sometimes be opaque and inconsistent. NPM offers detailed information on share value, helping employees and investors build confidence and achieve fair market execution for their shares. NPM helps clients navigate secondary trading and execute private company stock transactions. The platform’s intuitive technology and experienced team make the onboarding, execution, and settlement process seamless.

Trade lifecycle management: transfer and settlement of shares

In the public markets, trades now settle quickly and investors typically aren’t  concerned about settlement risk. In the private markets, the opposite is true. Trades often take months to settle. Friction is typically normal throughout the execution of trades. Employees, investors, and designated private company equity administration personnel can be left to navigate on their own how to transfer shares and access funds. NPM offers a settlement service to private companies and investors to ensure a more efficient process that can cut settlement times down to a week.  By managing the entire process from end-to-end, NPM reduces risk and uncertainties throughout the trade lifecycle.

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Transparency + fees

Transparency is crucial for private market participants. Unlike the public markets, the private market lacks a consolidated tape, making it difficult to determine real-time private stock prices. NPM addresses this by aiding sellers in researching recent funding rounds and secondary trade history to ensure fair pricing when buyers and sellers want to transact. Some liquidity providers in the private market often take advantage of the lack of information about share value and fees. They may charge exorbitant fees for buyers and sellers to transact on their platforms, which can be as high as 8%. Alternatively, NPM operates a trusted marketplace with low fees and high integrity, helping sellers understand the fair market value of their shares and offering a flat, 1% commission fee on all trades. 

Reliable buyer network

The extensive NPM network of institutional investors includes a roster of some of the largest and most sophisticated buyers of private shares in the world. This is augmented by NPM’s ownership structure, which includes a number of the largest and most well-respected banks and asset managers in the world such as Allen & Company, Bank of America, BNP Paribas, Citi, DRW Venture Capital, Goldman Sachs, HiJoJo Partners, Morgan Stanley, UBS, and Wells Fargo. This powerful global network of investors offers employees one of the best possible opportunities to market their shares and achieve fair market value for them, which can deliver a more efficient trading experience for all trade counterparties.

Maintaining company oversight

Unlike the public markets, private company share transfers require company approval for all trades. NPM allows companies to retain complete control and oversight over all transactions executed on the platform. In parallel, NPM’s advanced trading technology supports employees in navigating the company approval processes, automating each step and thoroughly verifying completion of each required authorization. Deploying advanced secondary trading technology such as SecondMarket helps users of the NPM platform sell shares seamlessly.

Supporting a $4 trillion market

The rise of the secondary market for private company stock signals a pivotal shift in the financial landscape.  As the private market swells in size, millions of private company employees rely on these markets to generate liquidity that funds important life events such as buying houses, paying tuitions, and investing in new businesses. Given their rapid growth, the private markets may be the future of the capital markets. Platforms like NPM are therefore crucial in providing the necessary infrastructure and transparency to power this rapid growth and increasingly critical need.

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VentureBeat newsroom and editorial staff were not involved in the creation of this content. 

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Best Amazon October Prime Day 2024 Deals

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Best Amazon October Prime Day 2024 Deals

It’s time for Part 2 of the 2024 Amazon Prime Day. Once again, this year, Amazon is doing a Fall Prime Day in October, called “Prime Big Deal Days“. This is taking place October 8 and October 9, where Prime Members can save big across Amazon’s vast store. And get some good Black Friday Deals ahead of the rush in November.

Having said that, not every deal is a good deal. So what we are here to do is, show you the best deals that are available. Amazon has a tendency to raise prices ahead of Prime Day, and then lower them to their original price for Prime Day. Making it look like it’s a deal when in actuality, it’s not. We’ve done the research, and know which deals are actually deals. So you can rest assured that we won’t steer you wrong.

Throughout Prime Day, there will be loads of different deals on many popular brands, including LEGO, New Balance, Samsung, LG, Google, Dyson, Apple and much more. Allowing you to get a nice head-start on your holiday shopping!

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Getting started with my new Homelab Servers – Pt1 What I've bought

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Getting started with my new Homelab Servers - Pt1 What I've bought



Part 1 of…..who knows, Showing what a year of collecting cheap servers off eBay can get and starting down the path to sorting through them and getting them ready for a Lab or 3

The servers I purchased for the lab can be found at a reasonable cost

Dell R420 – £80 – £90 barebones
Dell R320 – £80 Barebones
HP DL190 Gen9 – £120 Barebones

This is the oldest generations I would recommend you buy, anything older and its a waste of money and power

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Yes I waffle on alot in this video 😀

Find me on:
Discord: https://discord.gg/XGKHUUg
Facebook: https://www.facebook.com/jimtheitguy/
Instagram: https://www.instagram.com/jimtheitguy/
Twitter: https://twitter.com/JimtheITguy
Twitch: https://twitch.tv/jimtheitguy

If you are a business looking for a Sophos partner or IT support, please get in touch with us over at Https://www.influx-solutions.com with any requirements you have
Looking for New/Refurbished Servers and equipment for your Business? Homelab?
Then have a look over at Https://www.bytestock.com and use Code JIMITGUY for money off at checkout, 10% off for first 5 people and 5% off for anyone else after that upto £500 .

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New iOS update fixes microphone and password problems

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There’s a new fix available for certain iPhones and iPads that addresses issues with recording and password security. Apple released two new patches including iOS 18.0.1 for iPhones and iPadOS 18.0.1, according to the support website. The update also finally allows users with an M4-powered iPad to upgrade to iOS 18, after the initial version was pulled for bricking users’ devices.

The patch fixes recording issues with all of the iPhone 16 models in the Messages app. The iPhone’s microphone would accidentally start recording a few seconds before becoming activated with the orange microphone icon.

The password patch fixes an issue in which the VoiceOver function may read a saved password aloud. The patch works for iPhone XS and later as well as iPad Pro 13-inch, iPad Pro 12.9-inch (third generation and later), iPad Pro 11-inch (first generation and later), iPad Air (third generation and later), iPad (seventh generation and later) and iPad mini (fifth generation and later).

If you own one of these devices, you can download the new patches by going to the Software Updates tab in the General section of your Settings app.

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Get Low Price | Dell PowerEdge R610 | Refurbprice

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Get Low Price | Dell PowerEdge R610 |  Refurbprice



Refurb Dell PowerEdge R610 Rack Server 0XT194

Find here Dell PowerEdge R610 Rack Server Price list
Buy Here

https://www.refurbprice.com/refurb-dell-rack-server-price-for-dell-powerEdge-r610

#refurbdellrackserverprice #dellpowerEdger610

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OpenAI launches ChatGPT Canvas, challenging Claude Artifacts

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OpenAI launches ChatGPT Canvas, challenging Claude Artifacts

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Fresh off the news of its record-setting $6.6 billion funding round, OpenAI is updating its signature AI app ChatGPT with a new feature — Canvas — that allows users to see, directly edit, and easily modify just selected portions of the chatbot’s outputs in a side-by-side panel view.

The feature, built atop OpenAI’s GPT-4o model, can also give suggestions and implement changes to the responses in the right-side panel without needing to output an entirely new response. It seems like a direct challenge to rival AI startup Anthropic’s Artifacts feature for its chatbot Claude, which launched in June 2024. It also offers a side panel view to display and run simple Python programs that update based on the user’s prompts.

Canvas is rolling out to ChatGPT Plus and Teams users, with subscribers to Enterprise and Edu tiers following in a few days. Following the beta, OpenAI plans to make the feature available to all ChatGPT users. 

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Users on the social network X predicted Canvas before its initial release and speculated that OpenAI would soon release the feature, which turned out to be correct.

What ChatGPT Canvas is good for

Daniel Levine, product manager for Canvas, told VentureBeat in an interview that sometimes, the vertical top-to-bottom chat window is too limited for some of the most common use cases.

“We know a lot of people use ChatGPT for writing and coding, those are two of the top use cases we see,” Levine said. “But the chat interface is a bit limiting, especially for projects where you want revisions or editing. There’s a lot of back and forth, and comparing changes is hard, so that’s where Canvas steps in.”

Levine is talking about prompting ChatGPT to edit its responses. Without Canvas, when users ask ChatGPT to generate a draft email and feel the response needs to be longer, funnier, or friendlier, they have to prompt ChatGPT again, and rewrites appear in the same conversation.

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Sometimes, the draft changes drastically; sometimes, the change is subtle, but often, you have to scroll back and forth to double-check what changed. 

OpenAI hopes that with Canvas, the process will be easier. Users can, of course, reprompt ChatGPT, but if they only want a few words changed, they don’t have to copy text that is still very much a first draft to a different document and edit it themselves. 

How to use Canvas

Canvas will open after users toggle the model picker, where they normally choose which version of OpenAI’s models to use. ChatGPT can also detect when Canvas would be appropriate to open or when the user sends the prompt,” Use Canvas.” They can then prompt ChatGPT to either write something or generate code. For example, if a user wants to write an email to a colleague, they prompt ChatGPT with the request, and it opens the Canvas window with the text it just generated. 

Users can continue asking ChatGPT to refine the text, which will reflect on the Canvas screen. People can also edit directly on Canvas, or give instructions to the chatbot by highlighting some text. On each Canvas window, there is a set of shortcuts for users to click that can adjust text length, the reading level, add emojis or even give a final polish.

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ChatGPT can also provide suggestions for the text, which will show up on Canvas in text boxes, similar to how comments look on Google Docs. It can also translate into supported languages. 

Canvas looks different based on the task. The writing Canvas looks like a Word document, while the coding Canvas includes line numbers for easier code editing. Shortcuts for coding will also be different. Users can review code, fix bugs, add logs and comments and port to a different coding language through Canvas. 

Directly competing with Anthropic Claude’s Artifacts feature

Canvas’s separate window and model collaboration call to mind another chatbot with a window that allows people to clearly see any changes made through new prompts: Anthropic’s Claude Artifacts.

VentureBeat’s Michael Nunez reported that Claude Artifacts makes accessible and easy-to-understand interfaces an essential feature in chatbots and called it “this year’s most important AI feature.” Unlike Canvas, Artifacts is already generally available to all Claude chat users. 

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Artifacts also let people see how their generated code looks, as they let users prompt Claude to write code, edit it and then see the fruits of the labor, like a prototype website or game. Canvas just shows users the generated code and the edits around it. 

The new interface battleground headed by OpenAI’s Canvas and Anthropic’s Artifacts does point to a problem smaller, third-party AI applications have been trying to solve, which is how to make chatbots easier to read and use.

Apps such as Hyperwrite, Jasper and JotBot all generate and offer text editing. Many other software include similar editing features for both code and text with the idea that users don’t need to leave the chat window to make changes to their work. 

Eventually, features like Canvas and even Artifacts may become commonplace as more people want to work with chatbots more streamlined and collaboratively. 

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“We do think collaborative work is an important part of the workplace,” Levine said. “So we’re taking a first step here.”


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NYT Strands today — hints, answers and spangram for Sunday, October 6 (game #217)

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NYT Strands homescreen on a mobile phone screen, on a light blue background

Strands is the NYT’s latest word game after the likes of Wordle, Spelling Bee and Connections – and it’s great fun. It can be difficult, though, so read on for my Strands hints.

Want more word-based fun? Then check out my Wordle today, NYT Connections today and Quordle today pages for hints and answers for those games.

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