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Secondary Markets

Hot private companies and start-ups get tickers from SecondMarket and Stocktwits.

When you want to look up information on publicly traded companies, it helps to know the ticker symbol. Microsft's ticker is MSFT, Google's ticker is GOOG, Apple's ticker is AAPL. Every publicly traded company has a ticker.

But private companies don't have tickers. And as more and more private companies are attaining status and drawing the attention of mainstream media and the investment community, it is time for that to change.

Yesterday Stocktwits and Second Market proposed a set of tickers for popular privately held companies. The proposed list of tickers is here.

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"IPOs are extremely important, they're just not relevant," says panelist Sam Schwerin. Are IPOs dead forever? Currently, with an average of 10.4 years from founding to IPO (for the few companies that make it), IPOs don't work for anyone - Angels, VCs, LPs, or Entrepreneurs. Secondary sales (done by panelist Barry Silbert and his company SecondMarket) are giving stakeholders stuck in no man's land a way out. This talk really gets into the nitty gritty of how things might shape up for the future of exit markets - both new and old.

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