TechFlow news — According to the Financial Times, Silicon Valley venture capital firm Lightspeed Venture Partners recently announced a strategic shift toward the secondary market. This move signals growing challenges for the traditional venture capital model. Lightspeed is currently applying to become a "registered investment adviser," which would allow it to allocate more than 20% of its funds to secondary market transactions. Over the past three years, the firm has invested $580 million in the secondary market, acquiring shares in companies including Anduril, Rippling, and Stripe.
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