Most UK companies that raise a venture round don't need one. They need £3m to £15m, they have contracted revenue and a working sales motion, and they sell 20–30% of the equity for money a lender would have advanced against the same cash flows at a known cost. That trade made sense when debt was exp...

What if the traditional path to liquidity is no longer the most efficient route to your firm's next summit? Whilst many leaders believe that value remains trapped until a full exit event occurs, the rise of secondary market transactions has fundamentally altered the trajectory for private enterprise...