PM Insights

Series Continued: 🎙Know Your Counterparty (KYC) for Private Secondary Markets This week, PM Insights connects with Billy Brandreth of Headwall Private Markets LLC (an affiliate broker with A.G.P./Alliance Global Partners) on their business and opinions on the markets. 🎙 https://lnkd.in/eErh8P4B www.headwallpm.com Disclaimers found on respective sites, and all opinions are our own.

Thrilled to announce our data partnership with PM Insights. 🔦🔎 Employee shareholders who leverage NPM SecondMarket® Employee Direct will now have access to additional pricing data to evaluate the value of their shares.

PMi "Shorts" Where will the proliferation of Broker-Dealers, Marketplaces, and the like lead in the next few years? One central exchange? A more true and traditional OTC market? Something else? Q&A with Jim Okun

This discussion between PM Insights' Nick Fusco and Jim Okun (Anchor Capital GP) hits on core areas of importance when trading private company stocks (aka direct secondaries). Get to Know Your Counterparty, and Jim is one of the best in the business. Highlights: 00:58 = Foundations and Focus 05:30 = Regulatory Changes 09:32 = Multiples in Public versus Private 13:35 = Connecting Buyers and Sellers 14:25 = Retail versus Institutional Secondaries 16:00 = SPV Economics and PMi's SPV Calculator 21:21 = Reset of Privates and Underlying Market Dynamics 23:05 = Fragmentation of Liquidity Providers 24:20 = Contact Details / Reach Out https://lnkd.in/eXNx6AXm Disclaimer: All comments and opinions are those of the speakers.

🚀 PM Insights Teams Up with Nasdaq Private Market to Further Pre-IPO Transparency We are thrilled to announce a strategic partnership with Nasdaq Private Market (NPM), marking a significant leap forward in private market transparency. Through this collaboration, NPM's SecondMarket® Employee Direct platform will now feature PMi's comprehensive pricing data, empowering employee shareholders with unprecedented market insights. "We continue to promote multi-sourced, independent data as integral to investor confidence," says 𝗡𝗶𝗰𝗸 𝗙𝘂𝘀𝗰𝗼, 𝗣𝗠𝗶 𝗖𝗘𝗢. With private stock valuations surging in 2024, this partnership couldn't come at a better time. Why this matters: • Enhanced visibility for pre-IPO share values • Access to reliable pricing data for hundreds of late-stage private companies • Independent, multi-sourced data validation • Improved liquidity opportunities in private markets “NPM is proud to partner with PM Insights to offer employees greater visibility into the value of their pre-IPO shares,” 𝗠𝗮𝗿𝗰 𝗣𝗲𝗿𝗸𝗶𝗻𝘀, 𝗛𝗲𝗮𝗱 𝗼𝗳 𝗗𝗮𝘁𝗮 & 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝗮𝘁 𝗡𝗮𝘀𝗱𝗮𝗾 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗠𝗮𝗿𝗸𝗲𝘁. Together, we're making private markets more accessible and transparent than ever before.

For all those folks who bought Facebook / Meta at IPO, there are always a handful who got in even earlier. Here's a "PMi Short" with comments from Glen Anderson of Rainmaker Securities, LLC on the origin stories of RMS' Secondaries business. #PMi #Rainmaker #Facebook #Meta #PreIPO

I had a great discussion getting to know Glen Anderson's background and his founding of Rainmaker Securities, LLC over a decade ago. He's had excellent foresight in private markets, from pre-IPO Facebook to the largest private names out there for 2025. Fast-forward to today's markets, our "Know Your Counterparty" interview series, hosted by PM Insights, hits on Venture-backed Privates and Rising Liquidity. Here are some of the highlights: 🎬 https://lnkd.in/enj8XYJu 02:02 - Origin Story of Rainmaker Securities 04:24 - Private/Secondaries Broker Landscape 06:23 - Culture & Counterparty Fit 09:30 - Mega-Cap Private Stocks 11:55 - Liquidity in Secondary (and Primary/IPO) 14:25 - What is RainmakerX 16:00 - Get in Touch #PMi #Rainmaker #KYC pminsights.com rainmakersecurities.com

Data and Reasoning saviors of potential AI scaling issues? - A lot of discussion in market if scaling for AI models is hitting a wall - Scaling can apply to (1) training server cluster size, (2) training data size, (3) reasoning - Server cluster and data size is GPU focused - Reasoning is inference focused - New models being trained on larger GPU clusters are not showing the same gains as prior models - Synthetic data is being used to train new models - A deep focus on application is emerging = reasoning and AI agents - Anthropics “Computer Use”, OpenAI’s new agent solution coming out in Jan and its desktop app with voice mode - If this wall is being hit what investment opportunities fall out of it? Clint Sorenson CFA, CMT Nick Fusco Evan Cohen Aaron Dillon

This Week in Pre-IPO Stocks Podcast dives into CoreWeave, xAI, and Perplexity with the #Election2024 in the backdrop. #Trump #Harris #Tech #Musk #CoreWeave #xAI #Perplexity

PMi Shorts - Private Market Insights and Headwall - Trading Terms in Private Markets www.headwallpm.com www.pminsights.com #Team #Terms #Trades #Tech #Transactions Full Interview with Billy Brandreth (Headwall Private Markets LLC) & Nick Fusco (#PMi): 🎙 https://lnkd.in/eErh8P4B