EPISODE · May 31, 2026 · 9 MIN
Why VCs Are Chasing Founder Liquidity Events Now
from The Venture Capital Podcast with Fexingo: VCs, Term Sheets, and Startup Investing · host Fexingo
Lucas and Luna dive into the growing trend of venture capitalists buying secondary shares from early employees and founders. With over $12 billion in secondary VC transactions in 2025 and platforms like Forge Global and CartaX seeing record volumes, the hosts explore what this means for startup culture and investor returns. Lucas breaks down the math behind a typical secondary deal using a hypothetical $50 million Series B company, explaining why VCs are willing to pay premiums for liquidity. Luna questions whether this creates perverse incentives for founders to cash out early. The episode also touches on the recent SoftBank announcement of €75 billion for French data centers and how secondary markets are reshaping the VC landscape. #SecondaryShares #VentureCapital #LiquidityEvents #StartupInvesting #TermSheets #SoftBank #ForgeGlobal #CartaX #FounderLiquidity #EmployeeEquity #SeriesB #VCInvesting #BusinessAndTechnology #FexingoBusiness #BusinessPodcast #VentureCapitalPodcast #PrivateMarkets #CapitalMarkets Keep every episode free: buymeacoffee.com/fexingo
What this episode covers
Lucas and Luna dive into the growing trend of venture capitalists buying secondary shares from early employees and founders. With over $12 billion in secondary VC transactions in 2025 and platforms like Forge Global and CartaX seeing record volumes, the hosts explore what this means for startup culture and investor returns. Lucas breaks down the math behind a typical secondary deal using a hypothetical $50 million Series B company, explaining why VCs are willing to pay premiums for liquidity. Luna questions whether this creates perverse incentives for founders to cash out early. The episode also touches on the recent SoftBank announcement of €75 billion for French data centers and how secondary markets are reshaping the VC landscape. #SecondaryShares #VentureCapital #LiquidityEvents #StartupInvesting #TermSheets #SoftBank #ForgeGlobal #CartaX #FounderLiquidity #EmployeeEquity #SeriesB #VCInvesting #BusinessAndTechnology #FexingoBusiness #BusinessPodcast #VentureCapitalPodcast #PrivateMarkets #CapitalMarkets Keep every episode free: buymeacoffee.com/fexingo
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Why VCs Are Chasing Founder Liquidity Events Now
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